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7 . Chow Industries expects total sales for January, February, and March to be $ 3 0 0 , 0 0 0 , $ 3

7. Chow Industries expects total sales for January, February, and March to be $300,000, $350,000,
and $400,000 respectively. All sales are on credit. It expects to collect 60% of the sales in the
month of sale and 35% in the following month. The company writes o the uncollectible sales in the
3rd month.
a) Compute the cash collections from customers for February and March.
b) Compute the uncollectible sales / accounts receivable for March and April. explain step by step in text and let me understand the complete question

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