Homework Answers
- Second Quarter sales = $15,075
Accounts Receivable Period = 65 days
No of days in a quarter based on 30 days period in a month = 30 *3 = 90 days
Expected accounts receivables balance at the end of Second Quarter of 65 days accounts Receivable Period
= ($15075/90 days)*65 days
= $ 10887.50
Hence, Option A. $ 10887.50
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