march $408,0000 april. $658,000 may. $528,000 with a 45 day collection what is Mays cash receipt, and accts rec balance

a. Assume that Sequoia's collection period is 60 days. What would be its cash receipts in May? What would be its accounts recei balance at the end of May? $ Cash receipts Accounts receivable balance 468,000 593,000 $ b. Now assume that Sequoia's collection period is 45 days. What would be its cash receipts in May? What would be its accounts receivable balance at the end of May? Cash receipts Accounts receivable balance Prey 1 of 1 HI Next a e to search 99+