Business, 27.11.2019 21:31, Jamiesun9222
The morning jolt coffee company has projected the following quarterly sales amounts for the coming year: q1 q2 q3 q4
sales $ 680 $ 710 $ 790 $ 860
a. accounts receivable at the beginning of the year are $260. 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 680.00 710.00 790.00 860.00 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 680.00 710.00 790.00 860.00 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 680.00 710.00 790.00 860.00 cash collections
ending receivables $ $ $ $
Answers: 3
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Business, 23.06.2019 08:30, gabe7774
1. using only the amounts given, compute net cash provided by operations, both without and with the reclassification of the receivables. which reporting makes moss look better? 2. under what condition would the reclassification of the receivables be ethical? 3. unethical?
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