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The current responses were marked incorrect. Paymore Products places orders for goods equal to...

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Accounting

imageThe current responses were marked incorrect.

Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows: Quarter in Coming Year Second Third $337 $352 First $468 Sales forecast Following Year First Quarter $400 Fourth $400 On average, one-third of sales are collected in the quarter that they are sold, and two-thirds are collected in the following quarter. Assume that sales in the last quarter of the previous year were $352. What is the forecast for Paymore's cash receipts in each quarter of the coming year? (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Quarter Collections Is 253 2 3 4 S PS S 264 300 300

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