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Midwest Candles Has Estimated Quarterly Sales for Next Year, Starting

Question 22

Multiple Choice

Midwest Candles has estimated quarterly sales for next year, starting with Quarter 1, of $50.020, $54,619, $105,403, and $46,510.The accounts receivable period is 15 days.What is the expected accounts receivable balance at the end of the second quarter? Assume each month has 30 days.


A) $8,419.92
B) $17,567.21
C) $9,103.21
D) $7,251.71
E) $6,465.06

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