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The Dorian Company has projected the following quarterly sales amounts for the coming year: 01 02 Q3 04 Sales $ 8,340 $ 10,110 $
The Dorian Company has projected the following quarterly sales amounts for the coming year: 01 02 Q3 04 Sales $ 8,340 $ 10,110 $ 9,510 $ 8,010 a. Accounts receivable at the beginning of the year are $4,110. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Beginning receivables Sales Cash collections Ending receivables Q1 Q2 8,340 10,110 Q3 9,510 Q4 8,010 b. Accounts receivable at the beginning of the year are $4,110. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Beginning receivables Sales Cash collections Ending receivables Q1 Q2 8,340 10.110 Q3 9,510 Q4 8,010
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