It is the beginning of January. Actual sales for the previous quarter (Q4) and estimated sales for the next four quarters are as follows (in $ million):

Quarter Q4 Q1 Q2 Q3 Q4

Sales 55 61 67 74 81

20% of sales are cash sales and the remainder are credit sales which are collected in the following quarter.

PART 1: What are your cash collections in Q1 (in $ million)?

PART 2:What are your cash collections in Q2 (in $ million)?

PART 3:What are your cash collections in Q3 (in $ million)?

PART 4:What are your cash collections in Q4 (in $ million)?

It is the beginning of January. Actual sales for the previous quarter (Q4) and estimated sales for the next four quarters are as follows (in $ million): 20% of sales are cash sales and the remainder are credit sales which are collected in the following quarter