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The Litzenberger Company has projected the following quarterly sales amounts for the coming year: a . Accounts receivable at the beginning of the year are

The Litzenberger Company has projected the following quarterly sales amounts for the
coming year:
a. Accounts receivable at the beginning of the year are $340. 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 Intermedlate calculations and round your answers to 2 decimal
places, e.g..3216.)
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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