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What is the expected accounts receivable balance

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Problem 1: Wigmore, Inc., has estimated sales of $20,600, $22,200, $20,360, and $22,300 for each quarter next year, respectively. The accounts receivable period is 80 days. What is the expected accounts receivable balance at the end of the second quarter? Assume each month has 30 days.

Reference no: EM133009926

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