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Below are PT MK projected quarterly sales for 2020. Q1 Q2 Q3 Q4 Sales 175 145 230 200 MK has a Supposed at the beginning
Below are PT MK projected quarterly sales for 2020. Q1 Q2 Q3 Q4 Sales 175 145 230 200 MK has a Supposed at the beginning of the year, account receivables are $250. PT 30-day collection period. Please calculate a) cash collection in each of the four quarters! b) Rework question (a) assuming a collection period of 70 days. c) Rework question (a) assuming a collection period of 45 days. Notes: Number of days in one quarter is 90 days
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