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The MacFarlane Company has projected the following quarterly sales amounts for the coming year: Q1 $8,220 Q4 $7,890 Sales $9,990 $9,390 a. Accounts receivable at

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The MacFarlane Company has projected the following quarterly sales amounts for the coming year: Q1 $8,220 Q4 $7,890 Sales $9,990 $9,390 a. Accounts receivable at the beginning of the year are $3,990. The company 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 the nearest whole number, e.g., 32.) Q1 Q4 Beginning receivables Sales Cash collections 8,220 9,990 9,390 7,890 Ending receivables b. Accounts receivable at the beginning of the year are $3,990. The company has a 60-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 the nearest whole number, e.g., 32.) Q1 Q2 Q4 Beginning receivables Sales Cash collections 8,220 9,990 9,390 7,890 Ending receivables c. Accounts receivable at the beginning of the year are $3,990. The company has a 30-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 the nearest whole number, e.g., 32.) Q1 Q4 Beginning receivables Sales Cash collections 8,220 9,990 9,390 7,890 Ending receivables

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