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Wigmore, Inc., has estimated sales of $18,600, $20,325, $19,410, and $20,300 for each quarter next year, respectively. The accounts receivable period is 75 days. What
Wigmore, Inc., has estimated sales of $18,600, $20,325, $19,410, and $20,300 for each quarter next year, respectively. The accounts receivable period is 75 days. What is the expected accounts receivable balance at the end of the second quarter? Assume each month has 30 days.
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