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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 540 $

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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 540 $ 570 $ 630 $ 780 a. Accounts receivable at the beginning of the year are $300. 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. Q1 Q2 Q3 Q4 Beginning receivables Sales $ 300 540 570 630 780 Cash collections 570 Ending receivables $ 270 $ 285 $ 315 $ 390 b. Accounts receivable at the beginning of the year are $300. 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. Beginning receivables Sales Cash collections Ending receivables Q1 Q2 $ 300 540 480 570 Q3 630 Q4 780 c. Accounts receivable at the beginning of the year are $300. 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. Beginning receivables Sales Cash collections Ending receivables Q1 540 Q2 570 Q3 630 Q4 780

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