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How much did the firm collect in the second quarter

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Reference no: EM132777160

Problem 1: Duke's Auto Parts has a beginning receivables balance on January 1st of $398. Quarterly sales for the year are $427, $502, $479, and $525, starting with the first quarter. The accounts receivable period is 60 days. How much did the firm collect in the second quarter? Assume a 360-day year.

Reference no: EM132777160

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