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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q 1 Q 2 Q 3 Ine Morn ng

The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year:
Q1 Q2 Q3Ine Mornng Jolt Cottee Company has projected the tollowing quarterly sales amounts tor the comng year:
a. Accounts receivable at the beginning of the year are $420. 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.
b. Accounts receivable at the beginning of the year are $420. 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.
c. Accounts receivable at the beginning of the year are $420. The company has a 30-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. Q4
Sales $ 270 $ 330 $ 390 $ 540
Accounts receivable at the beginning of the year are $420. 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.
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