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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