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Cullumber Company has credit sales of $ 6 3 6 , 0 0 0 in January. Past experience suggests that 4 0 % is collected
Cullumber Company has credit sales of $ in January. Past experience suggests that is collected in the month of sale, in the month following the sale, and in the second month following the sale. Compute the cash collections from January sales in January, February, and March.
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