Northern Beef Has Estimated Quarterly Sales for the Coming Year

Northern Beef has estimated quarterly sales for the coming year, starting with Quarter 1, of $680, $725, $740, and $720, respectively.The accounts receivable balance at the beginning of Q1 is $330 and the collection period is 60 days.How much cash will the firm collect in Q1, Q2, and Q3, respectively?

A) $695.00; $498.03; $730.00
B) $695.00; $466.67; $626.67
C) $556.67; $695.00; $730.00
D) $556.67; $367.33; $626.67
E) $647.33; $626.67; $730.00