Quiet Press Has an Accounts Receivable Period of 38 Days

Multiple Choice

Quiet Press has an accounts receivable period of 38 days.The estimated quarterly sales for this year,starting with the first quarter,are $1,200,$1,400,$1,900,and $1,200,respectively.How much does the firm expect to collect in the fourth quarter? Assume a 360-day year.

A) $1,592.08
B) $1,604.44
C) $1,495.56
D) $1,509.11
E) $1,660.02