Tall Guys Clothing Has a 45 Day Collection Period

Tall Guys Clothing has a 45 day collection period.Sales for the next calendar year are estimated at $2,100,$1,600,$2,500 and $2,300,respectively,by quarter,starting with the first quarter of the year.Given this information,which one of the following statements is correct? Assume a year has 360 days.

A) The firm will collect $800 in Quarter 2.
B) The accounts receivable balance at the beginning of Quarter 4 will be $1,150.
C) The firm will collect $2,000 in Quarter 3.
D) The firm will have an accounts receivable balance of $2,300 at the end of the year.
E) The firm will collect a total of $2,400 in Quarter 4.