Question
The Geller Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $570 $600 $660 $810 a) Accounts
The Geller Company has projected the following quarterly sales amounts for the coming year:
Q1 Q2 Q3 Q4
Sales $570 $600 $660 $810
a) Accounts receivable at the beginning of the year are $330. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following:
Q1 Q2 Q3 Q4
Beginning receivables
Sales 570 600 660 810
Cash collections
Ending receivables
b) Accounts receivable at the beginning of the year are $330. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following
c) Accounts receivable at the beginning of the year are $330. The company has a 30-day collection period. Calculate cash collections in each of the four quarters by completing the following
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