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10 CBC Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $780 $810 $890 $970 If the

10

CBC Company has projected the following quarterly sales amounts for the coming year:

Q1 Q2 Q3 Q4

Sales $780 $810 $890 $970

If the Accounts Receivable at the beginning year are $370, and the company has a 60-day collection period, what are the Cash Collections in Q1 and Q2?

Group of answer choices

$630; $530

$630; $790

$260; $530

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