The morning jolt coffee company has projected the following quarterly sales amounts for the coming year: q1 q2 q3 q4 sales $ 710 $ 740 $ 820 $ 900
a. accounts receivable at the beginning of the year are $290. the company has a 45-day collection period. calculate cash collections in each of the four quarters by completing the following (negative amounts should be indicated by a minus sign. round your answers to 2 decimal places, e. g., 32.16.): q1 q2 q3 q4 beginning receivables $ $ $ $ sales 710.00 740.00 820.00 900.00 cash collections ending receivables $ $ $ $
b. recalculate the cash collections with a collection period of 60 days. (negative amounts should be indicated by a minus sign. round your answers to 2 decimal places, e. g., 32.16.) q1 q2 q3 q4 beginning receivables $ $ $ $ sales 710.00 740.00 820.00 900.00 cash collections ending receivables $ $ $ $ c. recalculate the cash collections with a collection period of 30 days. (negative amounts should be indicated by a minus sign. round your answers to 2 decimal places, e. g., 32.16.) q1 q2 q3 q4 beginning receivables $ $ $ $ sales 710.00 740.00 820.00 900.00 cash collections ending receivables $ $ $ $