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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 $ 850 $ 880

The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 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

b. Recalculate the cash collections with a collection period of 60 days.

c. Recalculate the cash collections with a period of 30 days.

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