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

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Finance

Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $400 and the collection period is 45 days. What are collections for the first quarter?

Q1 Q2 Q3 Q4 Sales $ 675 $ 730 $ 815 $ 1,080

$625.00

$737.50

$337.50

$675.00

$711.67

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