(Solution Download) The Pelosi Company has projected the following quarterly sales a


The Pelosi Company has projected the following quarterly sales amounts for the coming year:



a. Accounts receivable at the beginning of the year are $3,300. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following:


b. Rework (a) assuming a collection period of 60 days.
c. Rework (a) assuming a collection period of 30 days.

 







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