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Question: The Morning Jolt Coffee Company has projected

The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year:
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 $335. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following:


b. Rework part (a) assuming a collection period of 60 days.
c. Rework part (a) assuming a collection period of 30 days.

a. Accounts receivable at the beginning of the year are $335. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following:
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 $335. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following:


b. Rework part (a) assuming a collection period of 60 days.
c. Rework part (a) assuming a collection period of 30 days.

b. Rework part (a) assuming a collection period of 60 days. c. Rework part (a) assuming a collection period of 30 days.


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