What would be the may balance of accounts receivable, Finance Basics

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What would be the may balance of accounts receivable

Diamond window corporation's sales, half of which are for cash,

March April May

$140,000 $240,000 160,000

a. Estimate diamond's cash receipts in May if the company's collection period is 60days.

b. Estimate Diamond's cash receipts in May if the company's collection period is 45 days.

c. What would be the May balance of Accounts receivable for Diamond Window if the company's collection period is 60 days? 45 days?

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Finance Basics: What would be the may balance of accounts receivable

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Recent Questions Asked Finance Basics

Q : How is ratio analysis used and what are some pitfalls

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Finance Basics: What would be the may balance of accounts receivable

Reference No:- TGS0724704

Recent Questions Asked Finance Basics

Q : How is ratio analysis used and what are some pitfalls

Q : Discuss how to prepare a multiple-step income statement

Q : How much can sales revenue drop before werth incurs

Q : Describe the flow of funds channeled through finance

Q : What would be the may balance of accounts receivable

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Q : What is the required rate of return on aa stock

Q : How did you come to this conclusion

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