Baker Industries Has a 45 Day Accounts Receivable Period

question 341

Multiple Choice

Baker Industries has a 45 day accounts receivable period. The estimated quarterly sales for this year, starting with the first quarter, are $1,200, $1,400, $1,900 and $3,200, respectively. How much does the firm expect to collect in the third quarter? Assume that a year has 360 days.

• A) $1,300
• B) $1,400
• C) $1,650
• D) $1,900
• E) $2,550

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