Accounts receivable at the beginning of the year are 300. The company has a 30-days collection...

Accounts receivable at the beginning of the year are 300. The company has a 30-days collection period. Calculate cash collections in each of the four quarters by completing the following.

	Q1	Q2	Q30	Q4
beginning receivables	300			208
Sales	540	570	630	780
Cash collections	662	560	610	731
Ending receivables			208

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jeff jeffy answered 2 years ago

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