Estimate diamonds cash receipts in may if the companys

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Reference no: EM13602225

Diamond window corporation's sales, half of which are for cash,

March April May
$140,000 $240,000 160,000

a. Estimate diamond's cash receipts in May if the company's collection period is 60days.
b. Estimate Diamond's cash receipts in May if the company's collection period is 45 days.
c. What would be the May balance of Accounts receivable for Diamond Window if the company's collection period is 60 days? 45 days?

Reference no: EM13602225

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