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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year. - a . Accounts receivable at the beginning of
The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming
year.
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.
b Rework part a assuming a collection period of days.c Rework part a assuming a collection period
of days.
c Rework part a assuming a collection period of days.
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