Business, 27.11.2019 21:31 Jamiesun9222

The morning jolt coffee company has projected the following quarterly sales amounts for the coming year: q1 q2 q3 q4
sales $ 680 $ 710 $ 790 $ 860
a. accounts receivable at the beginning of the year are $260. the company 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. round your answers to 2 decimal places, e. g., 32.16.): q1 q2 q3 q4 beginning receivables $ $ $ $ sales 680.00 710.00 790.00 860.00 cash collections
ending receivables $ $ $ $
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 $ $ $ $ sales 680.00 710.00 790.00 860.00 cash collections
ending receivables $ $ $ $
c. recalculate the cash collections with a collection 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 $ $ $ $ sales 680.00 710.00 790.00 860.00 cash collections
ending receivables $ $ $ $

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