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Prime Distributors Inc. has the following projected quarterly sales: Q1: $1,010 Q2: $1,200 Q3: $1,150 Q4: $1,400 If.3333 of same quarter sales are collected along
Prime Distributors Inc. has the following projected quarterly sales: Q1: $1,010 Q2: $1,200 Q3: $1,150 Q4: $1,400 If.3333 of same quarter sales are collected along with all beginning receivables each quarter. What are cash collections in the second period? Beginning receivables in quarter 1 is zero. $1.189 $800 $1,073 $998
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