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The Geller Company has projected the following quarterly sales amounts for the coming year: Sales Q1 $615 Q2 Q2 $705 23 Q3 $660 Q4 $925
The Geller Company has projected the following quarterly sales amounts for the coming year: Sales Q1 $615 Q2 Q2 $705 23 Q3 $660 Q4 $925 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 $ 360 615 705 660 925 Beginning receivables Sales Cash collections Ending receivables 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 Q2 Q3 Q4 360 615705660925 Beginning receivables Sales Cash collections ections Ending receivables I I I 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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