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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year Q2 Q1 Q3 Q4 Sales $850 $880 $960 $1,040

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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year Q2 Q1 Q3 Q4 Sales $850 $880 $960 $1,040 a. Accounts receivable at the beginning of the year are $365. The company has a 45- day collection period. Calculate cash collections in each of the four quarters by completing the following (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.): Q1 Q2 Q3 04 Beginning receivables Sales Cash collections Ending receivables 850.00 880.00 960.00 1,040.00 b. Recalculate the cash collections with a collection period of 60 days. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places... 32.16.) Q 94 Prey 6 of 10 Next > omework Saved b. Recalculate the cash collections with a collection period of 60 days. (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.) Q1 Q2 Q3 Q4 Beginning receivables Sales Cash collections Ending receivables 850.00 880.00 960.00 1,040.00 c. Recalculate the cash collections with a period of 30 days. (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.) Q1 Beginning tables 02 Q3 04 Cathoone 850.00 380.00 900.00 1,040,00

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