Question

The MacFarlane Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $7,800 $9,600 $9,000 $7,500 a. Accounts receivable at the beginning of the year are $3,600. 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 the nearest whole number, e.g., 32.) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 7,800 9,600 9,000 7,500 Cash collections Ending receivables $ $ $ $ b. Accounts receivable at the beginning of the year are $3,600. The company has a 60-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 the nearest whole number, e.g., 32.) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 7,800 9,600 9,000 7,500 Cash collections Ending receivables $ $ $ $ c. Accounts receivable at the beginning of the year are $3,600. The company has a 30-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 the nearest whole number, e.g., 32.) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 7,800 9,600 9,000 7,500 Cash collections Ending receivables $ $ $ $

Answer #1

The MacFarlane Company has projected the following quarterly
sales amounts for the coming year:
Q1
Q2
Q3
Q4
Sales
$5,600,000.00
$4,900,000
$4,200,000
$6,400,000
Accounts receivable at the beginning
of the year are $2,100,000. The company has a 30-day collection
period. Calculate cash collections in each of the four quarters by
completing the following:
Q1
Q2
Q3
Q4
Beginning Receivables
Sales
Cash collections
Ending receivables
Note: Must show work

The Morning Jolt Coffee Company has projected the following
quarterly sales amounts for the coming year:
Q1
Q2
Q3
Q4
Sales
$
660
$
690
$
770
$
840
a.
Accounts receivable at the beginning of the year are $280. The
company has a 45-day collection period. Calculate cash collections
in each of the four quarters by completing the following
(Negative amounts should be indicated by a minus
sign. Round your answers to 2 decimal places,
e.g., 32.16.):
Q1
Q2...

The Morning Jolt Coffee Company has projected the following
quarterly sales amounts for the coming year:
Q1
Q2
Q3
Q4
Sales
$
750
$
780
$
860
$
940
a.
Accounts receivable at the beginning of the year are $340.
Morning Jolt has a 45-day collection period. Calculate cash
collections in each of the four quarters by completing the
following (Negative amounts should be indicated by a minus
sign. Round your answers to 2 decimal places.
(e.g., 32.16)):
Q1
Q2...

The Gruber Company has projected the following quarterly sales
amounts for the coming year:
Q1
Q2
Q3
Q4
Sales
$
770
$
800
$
880
$
960
a.
Accounts receivable at the beginning of the year are $360. 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...

Litzenberger Company has projected the following quaterly sales
amounts for the coming year.
Sales Q1= $750, Sales Q2=$840. Sales Q3= $910, Sales Q4=
$970
Accounts receivable at the beginning of the year are $335. The
company has a 45 day collection period . Calculate the cash
collections in each four uaters by completing the following
Q1
Q2
Q3
Q4
Beginning Receivable
$335
Sales
$740
$840
$910
$970
Cash Collection
Ending Receivables
Please show working, thank you.

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
Calculate Cash Collections for Q1, Q2, Q3, Q4 rounding to second
decimal

Q1
Q2
Q3
Q4
Beginning receivables
900
Sales
3200
4600
5800
6100
Cash Collections
Ending Receivables
Problem 1: Accounts receivable at the beginning
of the year are $900. Tenzing has a 45-day
collection period. Calculate cash collections for Q1,
Q2, Q3, Q4 Rounding to 2nd decimal place.
Problem 2: Accounts receivable at the beginning
of the year are $900. Tenzing has a 90-day
collection period. Calculate cash collections for Q1,
Q2, Q3, Q4 Rounding to 2nd decimal place.
thank you

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...

Brunell Products has projected the following sales for the
coming year: Q1 Q2 Q3 Q4 Sales $570 $660 $810 $750 Sales in the
year following this one are projected to be 20 percent greater in
each quarter. Calculate payments to suppliers assuming that the
company places orders during each quarter equal to 20 percent of
projected sales for the next quarter. Assume that the company pays
immediately. a. What is the payables period in this case? (Do not
round intermediate...

Piano Man, Inc., has a 40-day average collection period and
wants to maintain a minimum cash balance of $40 million, which is
what the company currently has on hand. The company currently has a
receivables balance of $197 million and has developed the following
sales and cash disbursement budgets in millions:
Q1
Q2
Q3
Q4
Sales
$
450
$
522
$
603
$
567
Total cash disbursement
335
466
720
466
Complete the following cash budget for the...

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