Below are PT KMK projected quarterly sales for 2020. Q1 Q2 Q3 Q4 Sales 175 145 230 200 Supposed at the beginning of the year, account receivables are $250. PT KMK has a 30-day collection period. Please calculate a) cash collection in each of the four quarters! b) Rework question (a) assuming a collection period of 70 days. c) Rework question (a) assuming a collection period of 45 days. Notes: Number of days in one quarter is 90 days
Below are PT KMK projected quarterly sales for 2020. Q1 Q2 Q3 Q4 Sales 175 145 230 200 Supposed at the beginning of the year, account receivables are $250. PT KMK has a 30-day collection period. Please calculate a) cash collection in each of the four quarters! b) Rework question (a) assuming a collection period of 70 days. c) Rework question (a) assuming a collection period of 45 days. Notes: Number of days in one quarter is 90 days
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Below are PT KMK projected quarterly sales for 2020.
Q1 | Q2 | Q3 | Q4 | |
Sales | 175 | 145 | 230 | 200 |
Supposed at the beginning of the year, account receivables are $250. PT KMK has a 30-day collection period. Please calculate
a) cash collection in each of the four quarters!
b) Rework question (a) assuming a collection period of 70 days.
c) Rework question (a) assuming a collection period of 45 days.
Notes: Number of days in one quarter is 90 days
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