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Dillingham, Inc., has a 60-day collection period. The projected sales for each quarter next year...

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Finance

Dillingham, Inc., has a 60-day collection period. The projected sales for each quarter next year are shown below. What are collections for the third quarter?

Q1 Q2 Q3 Q4
Sales $ 3,530 $ 4,035 $ 4,535 $ 4,935

$4,368.33

$3,023.33

$4,801.67

$3,866.67

$4,201.67

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