. Diamond Window Corporations sales, half of which are for cash, over the past three months were:

March April May

$140,000 $240,000 $160,000

a. Estimate Diamonds cash receipts in May if the companys collection period is 60 days.

b. Estimate Diamonds cash receipts in May if the companys collection period is 45 days.

c. What would be the May balance of Accounts Receivable for Diamond Window if the companys collection period is 60 days? 45 days?