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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: a. Accounts recelvable at the beginning of the year

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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: a. Accounts recelvable at the beginning of the year are $290. The company has a 45 -day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Recalculate the cash collections with a collection period of 60 days: Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: a. Accounts recelvable at the beginning of the year are $290. The company has a 45 -day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Recalculate the cash collections with a collection period of 60 days: Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your

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