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The Cool Book Company has projected the following quarterly sales amounts for the coming- year: 1 Sales 1 D Beginning. receivables Salesp Cash- Q10
The Cool Book Company has projected the following quarterly sales amounts for the coming- year: 1 Sales 1 D Beginning. receivables Salesp Cash- Q10 $3150 collections Ending. receivables a. Accounts receivable at the beginning of the year are $1570. Peace and love has a 45-day- collection period. Calculate cash-collections in each of the four-quarters-by-completing-the- following: 1 Q10 D Q2 $2950 Q2 D D D Q3 $3250 b. Rework (a) assuming a collection period of 60 days. 1 c. Rework-(a) assuming a collection period of 30-days. Q3 D aa Q4 $3300 a Q4 a DO D a D DE aa SCE
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