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Calculating Cash Collections Problem 1 Accounts receivable at the beginning of the year are...

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Finance

Calculating Cash Collections

Problem 1 Accounts receivable at the beginning of the year are $900. Tenzing has a 30-day collection period. Calculate cash collections in each of the 4 quarters by completing the following:

Problem 2 a-d; Accounts receivable at the beginning of the year are $900. Tenzing has a 45-day collection period. Calculate cash collections in each of the 4 quarters by completing the following:

Q1

Q2

Q3

Q4

Beginning receivables

900

Sales

3200

4600

5800

6100

Cash Collections

Ending Receivables

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