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MNM Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $780 $810 $890 $970 If the Accounts
MNM Company has projected the following quarterly sales amounts for the coming year:
Q1 | Q2 | Q3 | Q4 | |
Sales | $780 | $810 | $890 | $970 |
If the Accounts Receivable at the beginning year are $70, and the company has a 30-day collection period, what are the Cash Collections in Q1 and Q2?
Group of answer choices
$330; $790
$330; $530
$260; $530
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