Question: The Morning Jolt Coffee Company has projected

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.