Bluewater, Inc. has the following estimated quarterly sales for next year. The accounts receivable period is 60 days. What is the expected accounts receivable balance to the nearest dollar at the end of the third quarter? Assume that each month has 30 days. Q2 Q3 Q4 $1,300 $1,425 $2,200 a. $800 b. $367 c. $950 d. $733 e. $867 Q1 Sales $1,850

Bluewater, Inc. has the following estimated quarterly sales for next year. The accounts receivable period is 60 days. What is the expected accounts receivable balance to the nearest dollar at the end of the third quarter? Assume that each month has 30 days. Q2 Q3 Q4 $1,300 $1,425 $2,200 a. $800 b. $367 c. $950 d. $733 e. $867 Q1 Sales $1,850

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

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Receivables Management

Question

Bluewater, Inc. has the following estimated quarterly sales for next year. The accounts
receivable period is 60 days. What is the expected accounts receivable balance to the
nearest dollar at the end of the third quarter? Assume that each month has 30 days.
Q2 Q3 Q4
$1,300 $1,425 $2,200
Ⓒa. $800
b. $367
c. $950
d. $733
Qe. $867
Q1
Sales $1,850

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