The Green Pickle has estimated quarterly sales for next year, starting with Quarter I, of $18,600, $21,300, $24,500, and $19,600.The accounts receivable period is 18 days.What is the expected accounts receivable balance at the end of the third quarter? Assume each month has 30 days.
A) $4,333
B) $4,900
C) $4,500
D) $4,667
E) $4,600
Correct Answer:
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