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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 Q 4 Sales
The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year:
Q Q Q Q
Sales $ $ $ $
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: Do not round intermediate calculations and round your answers to decimal places, eg A negative answer should be indicated by a minus sign.
b
Recalculate the cash collections with a collection period of days. Do not round intermediate calculations and round your answers to decimal places, eg A negative answer should be indicated by a minus sign.
c
Recalculate the cash collections with a collection period of days. Do not round intermediate calculations and round your answers to decimal places, eg A negative answer should be indicated by a minus sign.
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