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5 . Calculating Cash Collections The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Sales Q 1 $
Calculating Cash Collections The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year:
Sales
Q
$
Q
$
Q
$
Q
$
a Accounts receivable at the beginning of the year are $ The company has a day collection period. Calculate cash collections in each of the four quarters by completing the following:
Q
Beginning receivables
Sales
Cash collections
Ending receivables
b Rework part a assuming a collection period of days.
c Rework part a assuming a collection period of days.
use excel to solve this please
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