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Assuming that they have a collection period of 45 days what

Question - Hi Tech, Inc. expects to have sales of $600 in the first quarter of the year. The accounts receivable balance was $400. Assuming that they have a collection period of 45 days, what is the approximate beginning balance (of accounts receivable) for the second quarter? Show your work.

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Accounting Basics: Assuming that they have a collection period of 45 days what

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Accounting Basics: Assuming that they have a collection period of 45 days what

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