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The Geller Company has projected the following quarterly sales amounts for the coming year: Q1 $615 Q2 $705 Q3 $660 Q4 $925 Sales a. Accounts
The Geller Company has projected the following quarterly sales amounts for the coming year: Q1 $615 Q2 $705 Q3 $660 Q4 $925 Sales a. Accounts receivable at the beginning of the year are $360. 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 $ $ 360 $ 615 308 705 353 $ 660 330 925 Beginning receivables Sales Cash collections Ending receivables $ 308$ 353 $ 330 $ 463 b. Accounts receivable at the beginning of the year are $360. 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 Beginning receivables $ Q2 Q3 Q4 360 615705660925 Sales Cash collections Ending receivables - C. Accounts receivable at the beginning of the year are $360. 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 $ 360 615 705 660 925 Beginning receivables Sales Cash collections Ending receivables
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