3 The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming...
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3 The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Sales Q1 $ 750 Q2 $ 810 Q3 $ 890 Q4 $ 980 a. Accounts receivable at the beginning of the year are $335. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Q1 Q2 Beginning receivables Sales $ 335 750 Cash collections Ending receivables 810 Q3 890 Q4 980 b. Accounts receivable at the beginning of the year are $335. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Q1 Q2 Beginning receivables 335 Sales 750 Cash collections Ending receivables 810 Q3 890 Q4 980 3 The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Sales Q1 $ 750 Q2 $ 810 Q3 $ 890 Q4 $ 980 a. Accounts receivable at the beginning of the year are $335. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Q1 Q2 Beginning receivables Sales $ 335 750 Cash collections Ending receivables 810 Q3 890 Q4 980 b. Accounts receivable at the beginning of the year are $335. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Q1 Q2 Beginning receivables 335 Sales 750 Cash collections Ending receivables 810 Q3 890 Q4 980
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