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The Geller Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Â Â Sales $420 $480 $540 $690 a. Accounts receivable at...

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Finance

The Geller Company has projected the following quarterly salesamounts for the coming year:
Q1 Q2 Q3 Q4
Â Â Sales $420 $480 $540 $690
a.
Accounts receivable at the beginning of the year are $270. Thecompany has a 45-day collection period. Calculate cash collectionsin each of the four quarters by completing the following:(Do not round intermediate calculations and round youranswers to the nearest whole number, e.g., 32.)

Â Â Â

b.
Accounts receivable at the beginning of the year are $270. Thecompany has a 60-day collection period. Calculate cash collectionsin each of the four quarters by completing the following:(Do not round intermediate calculations and round youranswers to the nearest whole number, e.g., 32.)

Â Â Â

c.
Accounts receivable at the beginning of the year are $270. Thecompany has a 30-day collection period. Calculate cash collectionsin each of the four quarters by completing the following:(Do not round intermediate calculations and round youranswers to the nearest whole number, e.g., 32.)

Â Â Â

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a]		Q1	Q2	Q3	Q4
	Sales	$Â Â Â Â Â Â Â Â Â Â Â Â 420	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 480	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 540	$Â Â Â Â Â Â Â Â Â Â Â Â Â 690
	Beginning receivables	$Â Â Â Â Â Â Â Â Â Â Â Â 270	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 210	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 240	$Â Â Â Â Â Â Â Â Â Â Â Â Â 300
	Total	$Â Â Â Â Â Â Â Â Â Â Â Â 690	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 690	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 780	$Â Â Â Â Â Â Â Â Â Â Â Â Â 990
	Collections	$Â Â Â Â Â Â Â Â Â Â Â Â 480	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 450	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 480	$Â Â Â Â Â Â Â Â Â Â Â Â Â 585
	Ending receivables	$Â Â Â Â Â Â Â Â Â Â Â Â 210	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 240	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 300	$Â Â Â Â Â Â Â Â Â Â Â Â Â 405
b]		Q1	Q2	Q3	Q4
	Sales	$Â Â Â Â Â Â Â Â Â Â Â Â 420	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 480	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 540	$Â Â Â Â Â Â Â Â Â Â Â Â Â 690
	Beginning receivables	$Â Â Â Â Â Â Â Â Â Â Â Â 270	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 140	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 120	$Â Â Â Â Â Â Â Â Â Â Â Â Â 180
	Total	$Â Â Â Â Â Â Â Â Â Â Â Â 690	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 620	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 660	$Â Â Â Â Â Â Â Â Â Â Â Â Â 870
	Collections	$Â Â Â Â Â Â Â Â Â Â Â Â 550	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 500	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 480	$Â Â Â Â Â Â Â Â Â Â Â Â Â 640
	Ending receivables	$Â Â Â Â Â Â Â Â Â Â Â Â 140	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 120	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 180	$Â Â Â Â Â Â Â Â Â Â Â Â Â 230
c]		Q1	Q2	Q3	Q4
	Sales	$Â Â Â Â Â Â Â Â Â Â Â Â 420	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 480	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 540	$Â Â Â Â Â Â Â Â Â Â Â Â Â 690
	Beginning receivables	$Â Â Â Â Â Â Â Â Â Â Â Â 270	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 280	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 320	$Â Â Â Â Â Â Â Â Â Â Â Â Â 360
	Total	$Â Â Â Â Â Â Â Â Â Â Â Â 690	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 760	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 860	$Â Â Â Â Â Â Â Â Â Â 1,050
	Collections	$Â Â Â Â Â Â Â Â Â Â Â Â 410	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 440	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 500	$Â Â Â Â Â Â Â Â Â Â Â Â Â 590
	Ending receivables	$Â Â Â Â Â Â Â Â Â Â Â Â 280	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 320	$Â Â Â Â Â Â Â Â Â Â Â Â Â Â 360	$Â Â Â Â Â Â Â Â Â Â Â Â Â 460

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