Harlin Fencing Company's sales, half of which are for cash, over the past three months were: August $70,000 September $120,000 October $80,000

a. Estimate Harlin's cash receipts in October if the company's collec- tion period is 30 days.

b. Estimate Harlin's cash receipts in October if the company's collec- tion period is 45 days.

c. What would be the October balance of Accounts Receivable for Harlin Fencing if the company's collection period is 30 days? 45 days?

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