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The Doak Company has projected the following quarterly sales amounts for the coming year: Q1 $8,130 Q2 $9,900 Q3 $9,300 Q4 $7,800 Sales a. Accounts

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The Doak Company has projected the following quarterly sales amounts for the coming year: Q1 $8,130 Q2 $9,900 Q3 $9,300 Q4 $7,800 Sales a. Accounts receivable at the beginning of the year are $3,900. 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 and round your answers to the nearest whole number, e.g., 32.) Q1 Q2 Q3 Q4 9,900 9,300 7,800 Beginning receivables Sales Cash collections Ending receivables 3,900 8,130 7,965 4,065 b. Accounts receivable at the beginning of the year are $3,900. 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 and round your answers to the nearest whole number, e.g., 32.) Q1 Q2 Q3 Q4 $ 9,900 9.300 7,800 Beginning receivables Sales Cash collections Ending receivables 3,900 8,130 6,610 5,420 c. Accounts receivable at the beginning of the year are $3,900. 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 and round your answers to the nearest whole number, e.g., 32.) Q1 Q2 Q3 Q4 $ 9,900 9,300 7,800 Beginning receivables Sales Cash collections Ending receivables 3,900 8,130 9,320 2,710 $

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