Question
The company has projected quarterly sales amounts for the coming year Sales: Q1=760, Q2=790, Q3=870, Q4=950 Accounts receivable at the beginning of the year are
The company has projected quarterly sales amounts for the coming year
Sales: Q1=760, Q2=790, Q3=870, Q4=950
Accounts receivable at the beginning of the year are $350. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.
Calculate:
- Beginning Receivables for: Q1, Q2, Q3 and Q4
- Cash Collections for: Q1, Q2, Q3 and Q4
- Ending Receivables for: Q1, Q2, Q3 and Q4
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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
