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l TunOW your work. 75 points coming year: 1. 03 Pointy) The Litzenberger Company has projected the following quarterly sales amounts for the Q1 $830
l TunOW your work. 75 points coming year: 1. 03 Pointy) The Litzenberger Company has projected the following quarterly sales amounts for the Q1 $830 Q2 $860 $940 Q4 $970 Sales Accounts receivables at the beginning of the year are $420, which will be fully collected in Q1. The company has a 45-day collection period a. What is the receivable balance at the beginning of Q2? (5 points) b. What is the cash collection in Q2P (5 points What is the cash collection in Q2 if the collection period is 60 days? (5 points)
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