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Item13.75points eBookHintAsk Print References Check my workCheck My Work button is now enabled2 Item 1 Problem 16-5 Calculating Cash Collections [LO 3] The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1Q2Q3Q4Sales$ 240$ 300$ 360$ 510 Accounts receivable at the beginning of the year are $450. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g.,32. Accounts receivable at the beginning of the year are $450. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g.,32. Accounts receivable at the beginning of the year are $450. The company has a 30-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g.,32.

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