Diamond window corporations sales, half of which are for cash, March April May $140,000 $240,000 160,000
a. Estimate diamonds cash receipts in May if the companys collection period is 60days.
b. Estimate Diamonds cash receipts in May if the companys collection period is 45 days.
c. What would be the May balance of Accounts receivable for Diamond Window if the companys collection period is 60 days? 45 days?