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The Cryer Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $6,100 $7,400 $6,900 $5,700 Required: (a)

The Cryer Company has projected the following quarterly sales amounts for the coming year:

Q1 Q2 Q3 Q4
Sales $6,100 $7,400 $6,900 $5,700

Required:
(a)

Accounts receivable at the beginning of the year are $2,800. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount (e.g., 32)):

Q1 Q2 Q3 Q4
Beginning receivables $ $ $ $
Sales 6,100 7,400 6,900 5,700
Cash collections
Ending receivables $ $ $ $

(b)

Accounts receivable at the beginning of the year are $2,800. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount (e.g., 32)):

Q1 Q2 Q3 Q4
Beginning receivables $ $ $ $
Sales 6,100 7,400 6,900 5,700
Cash collections
Ending receivables $ $ $ $

(c)

Accounts receivable at the beginning of the year are $2,800. The company has a 30-day collection period. Calculate cash collections in each of the four quarters by completing the following (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount (e.g., 32)):

Q1 Q2 Q3 Q4
Beginning receivables $ $ $ $
Sales 6,100 7,400 6,900 5,700
Cash collections
Ending receivables $ $ $ $

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