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Toups Paddleboards has a 3 0 - day collection period. Sales for the next calendar year are estimated at $ 1 , 9 5 0

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.
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