Question

# The MacFarlane Company has projected the following quarterly sales amounts for the coming year: Q1 Q2...

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 \$ \$ \$ \$

#### Earn Coins

Coins can be redeemed for fabulous gifts.