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The Morning Jolt Coffee Company has projected the...

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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Sales Q1: $790 Q2: $740 Q3: $870 Q4: $950 A. Accounts receivable at the beginning of the year are $360. Morning Jolt has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Q1 Q2 Q3 Q4 Beginning Receivables Sales Cash collections Ending receivables B. Rework (A) assuming a collection period of 60 days. C. Rework (A) assuming a collection period of 30 days.

 

Paper#13732 | Written in 18-Jul-2015

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