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Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the...

Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $420 and the collection period is 45 days. What are collections for the first quarter? Q1 Q2 Q3 Q4 Sales $ 695 $ 750 $ 835 $ 1,120

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ANSWER : $767.50 (ROUNDED TO 2 DECIMALS)

jeff jeffy answered 2 years ago
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