Toups Paddleboards has a $30-$day collection period. Sales for the next

calendar year are estimated at $$1,950,$ $$2,100,$ $$2,650$ and $$3,200,$

respectively, by quarter, starting with the first quarter of the year. Given

this information, which one of the following statements is correct?

Assume a year has $360$ days.

Multiple Choice

The Quarter $2$ collections will be $$2,000.$

The accounts receivable balance at the

beginning of Quarter $4$ will be $$940.$

The Quarter $3$ collections will be $$2,375.$