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The Green Mile has the following estimated quarterly sales for next year. q1-8100 q2-8600 q3-9500 q4-11200 The accounts receivable period is 45 days. What is
The Green Mile has the following estimated quarterly sales for next year.
q1-8100
q2-8600
q3-9500
q4-11200
The accounts receivable period is 45 days. What is the expected accounts receivable balance at the end of the third quarter? Assume each month has 30 days.
$4,300
$4,750
$5,600
$6,667
$8,600
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