The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: a.

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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.

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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Aug 24, 2021 06:46 AM

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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: a.

Question:

Q1 Q2 Q3 Q4 Sales $750 $810 $890 $980

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Fundamentals Of Corporate Finance

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