The Morning Jolt Coffee Company has projected the following quarterly sales amounts
for the coming year:
a Accounts receivable at the beginning of the year are $ The company has a
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 decimal
places, eg:
b Recalculate the cash collections with a collection period of days. A negative
answer should be indicated by a minus sign. Do not round intermediate
calculations and round your answers to decimal places, eg
c Recalculate the cash collections with a period of days. A negative answer should
be indicated by a minus sign. Do not round intermediate calculations and round
your answers to decimal places, eg
