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

Assume that Sequoia's collection period is $60$ days. What would be its cash receipts in May? What would be its accounts receivable

balance at the end of May?

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?

Answer is complete but not entirely correct.

Assume that Sequoia's collection period is $60$ days. What would be its cash receipts in May? What would be its accounts receivable

balance at the end of May?

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?