ALPHA, Inc. sells all of its products on credit. Purchases are 60% of the sales for the following quarter. The firm uses a 365-day year and account averages where applicable in its computations.
The financial manager of the firm provides the following relevant information: 
What is the amount of the cash collections in Quarter 4?
A) $8,000
B) $8,411
C) $8,537
D) $8,589
E) $8,608
Correct Answer:
Verified
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