Question

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 $310. Morning Jolt has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following:



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


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  • CreatedMarch 13, 2014
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