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Novak Industries expects credit sales for January, February, and March to be $196,100,$265,900, and $290,900, respectively. It is expected that 70% of the sales will
Novak Industries expects credit sales for January, February, and March to be $196,100,$265,900, and $290,900, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month. Novak Industries expects credit sales for January, February, and March to be $196,100,$265,900, and $290,900, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month
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