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The Gruber Company has projected the following quarterly sales amounts for the coming year. Q1...

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Accounting

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The Gruber Company has projected the following quarterly sales amounts for the coming year. Q1 Sales $670 Q2 Q3 $700 $780 Q4 $850 a. Accounts receivable at the beginning of the year are 5290. The company has a 45. day collection period. Calculate cash collections in each of the four quarters by completing the following: (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.) 01 02 03 04 67000 700.00 78000 850.00 Beginning receivables Sales Cash collections 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... 32.16. A negative answer should be indicated by a minus sign.) 01 02 03 04 670.00 700.00 780.00 850.00 Beginning receivables Sales Cash collections Ending receivables 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.g. 32.16. A negative answer should be indicated by a minus sign.) 01 02 03 04 Beginning receivables 67000 70000 70000 850.00 Cash collections Ending receivables

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