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skully skully
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7 years ago
The managerial accountant at Portsmouth Manufacturing reported the following information:
Schedule for Cash Collection

      Quarter 1   Quarter 2   Quarter 3   Quarter 4

Accounts receivable balance   $1,750,000
   on 1/1/2013
From first-quarter 2013 sales   $7,500,000   $1,900,000
From second-quarter 2013 sales      9,000,000   $2,200,000
From third-quarter 2013 sales         8,500,000   $2,100,000
From fourth-quarter 2013 sales               6,700,000
Total Collections

Required
Compute the total collections for each quarter in the schedule for cash collection.
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Managerial Accounting: Decision Making and Motivating Performance

Managerial Accounting: Decision Making and Motivating Performance


Edition: 1st
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Managerial Accounting: Decision Making and Motivating Performance
University of Pittsburgh
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lordingtonlordington
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skully Author
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#2
7 years ago
You make it look easy lol

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Managerial Accounting: Decision Making and Motivating Performance
University of Pittsburgh
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