Breakwater Aquatics Has a 45 Day Accounts Receivable Period

question 7

Multiple Choice

Breakwater Aquatics has a 45 day accounts receivable period.The estimated quarterly sales for this year,starting with the first quarter,are $6,800,$7,100,$8,200,and $6,400,respectively.What is the accounts receivable balance at the beginning of the third quarter? Assume a year has 360 days.

• A)$3,400
• B)$3,550
• C)$6,950
• D)$7,100
• E)$7,650

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Definitions:

Hyoid Bone

A horseshoe-shaped bone in the neck that supports the tongue and is involved in the process of swallowing.

Fontanels

Soft spots on a baby's skull where the bones have not yet fused together, allowing for growth of the brain and skull during infancy.

Dehydration

A condition caused by the excessive loss of water from the body, exceeding the amount of water being taken in, leading to a deficiency in bodily fluids.

Sunken

Describes something that has fallen below the surrounding level or area, often used in reference to eyes or cheeks due to illness or malnutrition.