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QUESTION
XYZ Corp. has forecasted the following quarterly sales amounts for the upcoming year:
XYZ Corp. has forecasted the following quarterly sales amounts for the upcoming year:
Q1 = $774; Q2 = $699; Q3 = $892; Q4 = $805
Accounts receivable at the beginning of the year are $335, and XYZ has a 45-day collection period.
What are XYZ's cash collections in the third quarter? (Round answer to 0 decimal places. Do not round intermediate calculations)
