Diamond Window Corporationâ??s sales, half of which are for cash, over the past three months were:Ma

Diamond Window Corporationâ€s sales, half of which are for cash, over the past three months were:March April May$140,000 $240,000 $160,000a. Estimate Diamondâ€s cash receipts in May if the companyâ€s collection period is 60 days.b. Estimate Diamondâ€s cash receipts in May if the companyâ€s collection period is 45 days.c. What would be the May balance of Accounts Receivable for Diamond Window if the companyâ€s collection period is 60 days? 45 days?

 

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