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FIN3414-195Spring 0006 ork The Litzenberger Company has projected the following quarterly sales amounts for the...

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FIN3414-195Spring 0006 ork The Litzenberger Company has projected the following quarterly sales amounts for the coming year Sales $740 $770 $850 $930 collection period. Cakculate cash collections a. Accounts receivable at the beginning of the year are $330. The company has a 45-day your answers to 2 n each of the four quarters by completing the following (Do not round intermediate calculations and round decimal places, eg, 32.16. A negative answer should be indicated by a minus sign) egioning recelvables 930 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. A negative answer should be indicated by a minus sign.) beginning receivables Sales 930 Ending receivables S 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.9.3216. A negative answer should be indicated by a minus sign.) beginning receivables Cash eellections Ending receivables

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