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The Litzenberger Company has projected the following quarterly sales amounts for the coming year Q1 Q2 Q3 Q4 Sales $800 $830 $910 $990 a. Accounts

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The Litzenberger Company has projected the following quarterly sales amounts for the coming year Q1 Q2 Q3 Q4 Sales $800 $830 $910 $990 a. Accounts receivable at the beginning of the year are $390. Litzenberger 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 2 decimal places. (e.g., 32.16). Negative amounts should be indicated by a minus sign.) Beginning receivables Sales Cash collections Q1 $ 800.00 Q2 $ 830.00 Q3 $ 910.00 Q4 $ 990.00 Ending receivables $ $ $ $ Saved Help b. Recalculate the cash collections with a collection period of 60 days. (Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 32.16). Negative amounts should be indicated by a minus sign.) Q4 Beginning receivables Sales Cash collections Q1 $ 800.00 Q2 $ 830.00 Q3 $ 910.00 990.00 Ending receivables $ $ $ E. Recalculate the cash collections with a collection period of 30 days. (Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 32.16). Negative amounts should be indicated by a minus sign.) Beginning receivables Sales Cash collections Q1 $ 800.00 Q2 $ 830.00 @3 $ 910.00 04 $ 990.00 $ Ending receivables $ $ $ TH

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