The Litzenberger Company has projected the following quarterly sales amounts for the coming year Q1 Q2 Q3 Q4 Sales $ 740 $ 770 $ 850 $ 930 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 (A negative answer should be indicated by a minus sign Do not round intermediate calculations and round your answers to 2 decimal places, e g , 32 16 ) Q1 Q2 Q3 Q4 Beginning receivables $330 00 Sales 740 00 770 00 850 00 930 00 Cash collections Ending receivables b Recalculate the cash collections with a collection period of 60 days (A negative answer should be indicated by a minus sign Do not round intermediate calculations and round your answers to 2 decimal places, e g , 32 16 ) Q1 Q2 Q3 Q4 Beginning receivables Sales 740 00 770 00 850 00 930 00 Cash collections Ending receivables c Recalculate the cash collections with a collection period of 30 days (A negative answer should be indicated by a minus sign Do not round intermediate calculations and round your answers to 2 decimal places, e g , 32 16 ) Q1 Q2 Q3 Q4 Beginning receivables Sales 740 00 770 00 850 00 930 00 Cash collections Ending receivables

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The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 740 $ 770 $ 850

The Litzenberger Company has projected the following quarterly sales amounts for the coming year:

	Q1			Q2			Q3			Q4
Sales	$	740		$	770		$	850		$	930

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: (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	Q1	Q2	Q3	Q4
Beginning receivables	$330.00
Sales	740.00	770.00	850.00	930.00
Cash collections
Ending receivables

b.	Recalculate the cash collections with a collection period of 60 days. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	Q1	Q2	Q3	Q4
Beginning receivables
Sales	740.00	770.00	850.00	930.00
Cash collections
Ending receivables

c.	Recalculate the cash collections with a collection period of 30 days. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)