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Question 4 Sales estimate: Q1 = 300, Q2 = 600, Q3 = 600, Q4 = 700 Beginning receivable = 200 Average collection period = 60

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Question 4 Sales estimate: Q1 = 300, Q2 = 600, Q3 = 600, Q4 = 700 Beginning receivable = 200 Average collection period = 60 days (a) What is the beginning account receivable in Q2? and (b) How much is the cash collection in Q2? A. (a) 200, (b) 300 O B. (a) 250, (b) 400 O c. (a) 250, (b) 400 O d. (a) 150, (b)300 O E. (a) 200, (b) 400 O O

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