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Samsung Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales 550.00 600.00 550.00 650.00 Accounts receivable at
Samsung Company has projected the following quarterly sales amounts for the coming year:
Q1 | Q2 | Q3 | Q4 | |
Sales | 550.00 | 600.00 | 550.00 | 650.00 |
Accounts receivable at the beginning of the year are 250. The company has a 30-day collection period. What is the ending receivables at the end of Q3? (Do not round intermediate calculations and round your answer to two decimal places, e.g., 32.16)
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