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Bohemian Interior Design has projected the following quarterly sales. The accounts receivable at the beginning of...

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Finance

Bohemian Interior Design has projected the following quarterlysales. The accounts receivable at the beginning of the year is$1,030,000 and the collection period is 58 days. What arecollections for the first quarter and second quarters? (5 points)Q1 Q2 Q3 Q4 Sales $ 1,705 ,000 $ 1,765 ,000 $ 2,115 ,000 $ 2,135,000

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4.2 Ratings (623 Votes)
Collection Period 58 days Collection in Current Quarters Sales 90 Collection Period 90 Collection in Current Quarters Sales 90 58 90 Collection in Current    See Answer
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Bohemian Interior Design has projected the following quarterlysales. The accounts receivable at the beginning of the year is$1,030,000 and the collection period is 58 days. What arecollections for the first quarter and second quarters? (5 points)Q1 Q2 Q3 Q4 Sales $ 1,705 ,000 $ 1,765 ,000 $ 2,115 ,000 $ 2,135,000

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