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Sequoia Furniture Companys sales over the past three months, half of which are for cash, were as follows: March: $400,000 April: $650,000 May: $520,000 B.

Sequoia Furniture Companys sales over the past three months, half of which are for cash, were as follows:

March: $400,000 April: $650,000 May: $520,000

B. Now assume that Sequoias 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?

(there are a lot of attempts at this problem on Chegg but all of them appear to be incorrect and the work done is different) Please show all steps. I already figured out part A which is 60 day collection period.

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