Question: 5 8 . Yahiko has a 9 0 - day collection period and produces seasonal merchandise. Sales are lowest during the first calendar quatter of

58 .

Yahiko has a

90 -

day collection period and produces seasonal merchandise. Sales are lowest during the first calendar quatter of the year and highest during the third quarter. The company maintains a relatively steady level of production which means that its cash disbursements are faitly equal in all quarters. This company is most apt to face a cash

-

out situation in:A

.

the first quarter.C

.

the third quarter.B

.

the second quarter.D

.

the fourth quarter.

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