The Wake-Up Coffee Company Has Projected the Following Quarterly Sales

question 33

Multiple Choice

The Wake-Up Coffee Company has projected the following quarterly sales amounts for the coming year: Accounts receivable at the beginning of the year are $200.Wake-Up has a 60-day collection period.What is the amount of the accounts receivable balance at the end of Quarter 3?

• A)$375
• B)$450
• C)$500
• D)$600
• E)$700

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