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

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The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $810 $840 $920 $980 a. Accounts receivable at the beginning of the year are $400. The company has a 45- day collection period. Calculate cash collections in each of the four quarters by completing the following: (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Beginning receivables $ 400.00 $ 405.00 $ 420.00 460.00 810 840 920 980 Sales Cash collections Ending receivables $ 405.00 420.00 $ 460.00 $ 490.00 b. Recalculate the cash collections with a collection period of 60 days. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Beginning receivables Sales $ 400.00 $ 810 540.00 840 $ 560.00 $ 920 613.33 980 Cash collections Ending receivables $ 540.00 $ 560.00 $ 613.33 $ 653.33 c. Recalculate the cash collections with a collection period of 30 days. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Beginning receivables Sales $ 400.00 $ 270.00 $ 280.00 $ 306.67 810 840 920 980 Cash collections Ending receivables $ 270.00 $ 280.00 $ 306.67 $ 326.67 The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $810 $840 $920 $980 a. Accounts receivable at the beginning of the year are $400. The company has a 45- day collection period. Calculate cash collections in each of the four quarters by completing the following: (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Beginning receivables $ 400.00 $ 405.00 $ 420.00 460.00 810 840 920 980 Sales Cash collections Ending receivables $ 405.00 420.00 $ 460.00 $ 490.00 b. Recalculate the cash collections with a collection period of 60 days. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Beginning receivables Sales $ 400.00 $ 810 540.00 840 $ 560.00 $ 920 613.33 980 Cash collections Ending receivables $ 540.00 $ 560.00 $ 613.33 $ 653.33 c. Recalculate the cash collections with a collection period of 30 days. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Beginning receivables Sales $ 400.00 $ 270.00 $ 280.00 $ 306.67 810 840 920 980 Cash collections Ending receivables $ 270.00 $ 280.00 $ 306.67 $ 326.67