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b. Recalculate the cash collections with a collection period of 60 days. (A negative answer should be indicated by a minus sign. Round your answers
b. Recalculate the cash collections with a collection period of 60 days. (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.) Q2 Q3 Q4 Q1 390.00 800.00 830.00 910.00 990.00 Beginning receivables Sales Cash collections Ending receivables c. Recalculate the cash collections with a collection period of 30 days. (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.) Q2 Q3 Q4 Q1 390.00 800.00 830.00 910.00 990.00 Beginning receivables Sales Cash collections Ending receivables The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Sales $800 $830 Q3 Q4 $910 $990 a. Accounts receivable at the beginning of the year are $390. The company has a 45- day collection period. Calculate cash collections in each of the four quarters by completing the following (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.): Q1 Q2 Q3 Q4 $ Beginning receivables Sales Cash collections Ending receivables 390.00 800.00 L 830.00 990.00 910.00 L T b. Recalculate the cash collections with a collection period of 60 days. (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.)
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