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Baker Industries Has a 30-Day Accounts Receivable Period

Question 22

Multiple Choice

Baker Industries has a 30-day accounts receivable period.The estimated quarterly sales for this year,starting with the first quarter,are $1,450,$1,620,$1,740,and $2,250,respectively.How much does the firm expect to collect in the fourth quarter? Assume a 360-day year.


A) $2,010
B) $1,980
C) $2,080
D) $1,960
E) $2,120

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