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Sales Q1 Q2 $ 8,370 $ 10,140 Q3 Q4 $ 9,540 $ 8,040 a. Accounts receivable at the beginning of the year are $4,140.
Sales Q1 Q2 $ 8,370 $ 10,140 Q3 Q4 $ 9,540 $ 8,040 a. Accounts receivable at the beginning of the year are $4,140. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Beginning receivables Sales Cash collections Ending receivables Q1 8,370 Q2 10,140 Q3 9,540 Q4 8,040 b. Accounts receivable at the beginning of the year are $4,140. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Beginning receivables Sales Cash collections Ending receivables Q1 8,370 Q2 10,140 Q3 9,540 Q4 8,040 c. Accounts receivable at the beginning of the year are $4,140. The company has a 30-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Beginning receivables Sales Cash collections Ending receivables Q1 8,370 Q2 10,140 Q3 9,540 Q4 8,040
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