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The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q 1 Q 2 Q 3 Q 4 Sales $ 7

The Litzenberger Company has projected the following quarterly sales amounts for the coming year:
Q1 Q2 Q3 Q4
Sales $ 710 $ 740 $ 820 $ 900
a. Accounts receivable at the beginning of the year are $290. 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.)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.)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.)
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