The Geller Company has projected the following quarterly sales amounts for the coming year
The Geller Company has projected the following quarterly sales amounts for the coming year: |
| Q1 | Q2 | Q3 | Q4 | |
| Sales | $630 | $660 | $720 | $870 |
| a. | Accounts receivable at the beginning of the year are $390. 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.) |
| b. | Accounts receivable at the beginning of the year are $390. 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.) |
| c. | Accounts receivable at the beginning of the year are $390. 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.) |
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The Geller Company has projected the following quarterly sales amounts for the coming year
The Geller Company has projected the following quarterly sales amounts for the coming year
The Geller Company has projected the following quarterly sales amounts for the coming year: Q1Q2Q3Q4 Sales$630$660$720$870 a.Accounts receivable at the beginning of the year are $390. 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.) b.Accounts receivable at the beginning of the year are $390. The company has a 60-day collection period. Calculate cash collections in each of...
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