Accounts receivable at the beginning of the year are $345. The company has a 45 day collection
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Question:
Accounts receivable at the beginning of the year are $345. The company has a 45 day collection period. Calculate cash collections in each of the four quarters by completing the following:
Q1. Q2. Q3. Q4
Beginning receivables
Sales
Cash Collections
Ending receivables
b. Rework (a) assuming a collection period of 60 days.
c. Rework (b) assuming a collection of 30 days
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