Business, 02.03.2020 17:22 ghst

The Litzenberger Company has projected the following quarterly sales amounts for the coming year:

Q1 Q2 Q3 Q4
Sales $ 670 $ 700 $ 780 $ 850
a.
Accounts receivable at the beginning of the year are $290. Litzenberger 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 2 decimal places (e. g., 32.16). Negative amounts should be indicated by a minus sign.)

Q1 Q2 Q3 Q4
Beginning receivables $ $ $ $
Sales 670 700 780 850
Cash collections
Ending receivables $ $ $ $
b.
Recalculate the cash collections with a collection period of 60 days. (Do not round intermediate calculations and round your answers to 2 decimal places (e. g., 32.16).Negative amounts should be indicated by a minus sign.)

Q1 Q2 Q3 Q4
Beginning receivables $ $ $ $
Sales 670 700 780 850
Cash collections
Ending receivables $ $ $ $
c.
Recalculate the cash collections with a collection period of 30 days. (Do not round intermediate calculations and round your answers to 2 decimal places (e. g., 32.16).Negative amounts should be indicated by a minus sign.)

Q1 Q2 Q3 Q4
Beginning receivables $ $ $ $
Sales 670 700 780 850
Cash collections
Ending receivables $ $ $ $

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The Litzenberger Company has projected the following quarterly sales amounts for the coming year:

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