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Quiet Press has a 38-day accounts receivable period. The estimated quarterly sales for this year, starting with the first quarter are $1,200, $1,400, $1,900, and
Quiet Press has a 38-day accounts receivable period. The estimated quarterly sales for this year, starting with the first quarter are $1,200, $1,400, $1,900, and $1.200, respectively. How much does the firm expect to collect in the fourth quarter? Assume a 360-day year.
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