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5. Calculating Cash Collections for the coming year: The Gruber Company has projected the following quarterly sales amounts Q1 Q2 Q3 Q4 Sales $680 $770

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5. Calculating Cash Collections for the coming year: The Gruber Company has projected the following quarterly sales amounts Q1 Q2 Q3 Q4 Sales $680 $770 $750 $920 Q2 2. Accounts receivable at the beginning of the year are $215. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following Q1 Q3 Q4 Beginning receivables Sales Cash collections Ending receivables

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