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

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Accounting

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

Q1 Q2 Q3 Q4
Sales $ 660 $ 690 $ 750 $ 900

Accounts receivable at the beginning of the year are $420. 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 $420. 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 $420. 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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