The Cool Book Company has projected the following quarterly sales amounts for the coming- year: 1...

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The Cool Book Company has projected the following quarterly sales amounts for the coming- year: 1 □ Sales 1 D Beginning. receivables Salesp Cash- Q10 $3150 collections Ending. receivables a. →Accounts receivable at the beginning of the year are $1570. Peace and love has a 45-day- collection period. Calculate cash-collections in each of the four-quarters-by-completing-the- following: 1 Q10 D Q2 $2950 □ Q2 D D D ¤ Q3 $3250 b. → Rework (a) assuming a collection period of 60 days. 1 c. → Rework-(a) assuming a collection period of 30-days. Q3¤ D aa Q4 $3300 a Q4 a DO □ D a D DE aa SCE The Cool Book Company has projected the following quarterly sales amounts for the coming- year: 1 □ Sales 1 D Beginning. receivables Salesp Cash- Q10 $3150 collections Ending. receivables a. →Accounts receivable at the beginning of the year are $1570. Peace and love has a 45-day- collection period. Calculate cash-collections in each of the four-quarters-by-completing-the- following: 1 Q10 D Q2 $2950 □ Q2 D D D ¤ Q3 $3250 b. → Rework (a) assuming a collection period of 60 days. 1 c. → Rework-(a) assuming a collection period of 30-days. Q3¤ D aa Q4 $3300 a Q4 a DO □ D a D DE aa SCE

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The image contains a table with projected quarterly sales amounts for The Cool Book Company along with a chart that needs to be filled in to calculate cash collections in each of the four quarters bas... View the full answer