The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year:

	Q1		Q2		Q3		Q4
Sales	$	720		$	750		$	830		$	910

a.	Accounts receivable at the beginning of the year are $310. Morning Jolt has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Negative amounts should be indicated by a minus sign.)

	Q1		Q2		Q3		Q4
Beginning receivables	$310		$360		$375		$415
Sales	720		750		830		910
Cash collections
Ending receivables	$360		$375		$415		$455

b.	Recalculate the cash collections with a collection period of 60 days. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))

	Q1		Q2		Q3		Q4
Beginning receivables	$310		$480		$500		$553.33
Sales	720		750		830		910
Cash collections
Ending receivables	$480		$500		$553.33		$606.67

c.	Recalculate the cash collections with a period of 30 days. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))

	Q1		Q2		Q3		Q4
Beginning receivables	$310		$240		$250		$276.67
Sales	720		750		830		910
Cash collections
Ending receivables	$240		$250		$276.67		$303.33