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b. Accounts receivable at the beginning of the year are $360. The company has a 60- day collection period. Calculate cash collections in each of
b. Accounts receivable at the beginning of the year are $360. The company has a 60- day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Q3 Q4 $ Q1 Q2 360 615705 660 925 Beginning receivables Sales Cash collections Ending receivables c. Accounts receivable at the beginning of the year are $360. The company has a 30- day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Q1 Q2 Q3 Q4 $ 360 615 705 660 Beginning receivables Sales Cash collections Ending receivables 925
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