Breakwater aquatics has a 45 day accounts receivable period, Ask an Expert

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Breakwater Aquatics has a 45 day accounts receivable period. The estimated quarterly sales for this year, starting with the first quarter, are $6,800, $7,100, $8,200, and $6,400, respectively. What is the accounts receivable balance at the beginning of the third quarter? Assume a year has 360 days. (Please explain the calculation.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91604619

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