The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: 04 $ 600 01 Sales $ 330 Q2 $ 390 a. Accounts receivable at the beginning of the year are $360. 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. Beginning receivables Sales Cash collections Ending receivables Beginning receivables Sales Cash collections Ending receivables Q3 $ 450 Show Transcribed Text Beginning receivables Sales Cash collections Ending receivables Q1 Q1 Q1 330 b. Accounts receivable at the beginning of the year are $360. 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. 330 330 Q2 Q2 Q2 390 390 390 Q3 Q3 Ć Q3 450 c. Accounts receivable at the beginning of the year are $360. 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. 450 450 Q4 Q4 600 Q4 600 600
The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: 04 $ 600 01 Sales $ 330 Q2 $ 390 a. Accounts receivable at the beginning of the year are $360. 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. Beginning receivables Sales Cash collections Ending receivables Beginning receivables Sales Cash collections Ending receivables Q3 $ 450 Show Transcribed Text Beginning receivables Sales Cash collections Ending receivables Q1 Q1 Q1 330 b. Accounts receivable at the beginning of the year are $360. 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. 330 330 Q2 Q2 Q2 390 390 390 Q3 Q3 Ć Q3 450 c. Accounts receivable at the beginning of the year are $360. 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. 450 450 Q4 Q4 600 Q4 600 600
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year:
01
Sales $ 330
Q2
$ 390
Beginning receivables
Sales
Cash collections
Ending receivables
a. Accounts receivable at the beginning of the year are $360. 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.
Beginning receivables
Sales
Cash collections
Ending receivables
Q3
$ 450
Show Transcribed Text
Beginning receivables
Sales
Cash collections
Ending receivables
Q1
Q1
Q1
330
04
$ 600
330
b. Accounts receivable at the beginning of the year are $360. 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.
330
Q2
Q2
Q2
390
390
390
Q3
Q3
Ć
Q3
450
c. Accounts receivable at the beginning of the year are $360. 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.
450
450
Q4
Q4
600
Q4
600
600
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