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Current Attempt in Progress Carla Vista Manufacturing Company expects the following sales in January, February, and March: January February March Cash Sales $50400 $45900 $85900
Current Attempt in Progress Carla Vista Manufacturing Company expects the following sales in January, February, and March: January February March Cash Sales $50400 $45900 $85900 Credit Sales $250500 $244000 $329000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, 5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in March? $283125 $414900 $356500 $369025
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