Question
The Wilderness Company has projected the following quarterly sales amounts for the coming year: Q1 $ Q2 $ Q3 $ Q4 $ Sales (in millions)
The Wilderness Company has projected the following quarterly sales amounts for the coming year:
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| Q1 $ | Q2 $ | Q3 $ | Q4 $ |
| Sales (in millions) | 120 | 240 | 270 | 126 |
Accounts receivable at the beginning of the year are $90 million. Wilderness has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following:
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| Q1 $ | Q2 $ | Q3 $ | Q4 $ |
| Beginning receivables |
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|
|
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| Sales (in millions) |
|
|
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| Cash collections |
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| Ending receivables |
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What would be the effect of shortening the collection period to 30 days?
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
