Calculate cash collections in each of the four quarters

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Reference no: EM131969350

The Jallouk Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $420 $480 $540 $690 a. Accounts receivable at the beginning of the year are $270. 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.) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 420 480 540 690 Cash collections Ending receivables $ $ $ $ b. Accounts receivable at the beginning of the year are $270. 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.) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 420 480 540 690 Cash collections Ending receivables $ $ $ $ c. Accounts receivable at the beginning of the year are $270. 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.) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 420 480 540 690 Cash collections Ending receivables $ $ $ $

Reference no: EM131969350

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