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Pharoah Industries expects credit sales for January, February, and March to be $207,800, $252,500, and $299,900, respectively. It is expected that 80% of the sales
Pharoah Industries expects credit sales for January, February, and March to be $207,800, $252,500, and $299,900, respectively. It is expected that 80% of the sales will be collected in the month of sale, and 20% will be collected in the following month. Calculate cash collections from customers for each month. Sales Jan $ Toutle $ PHAROAH INDUSTRIES Schedule of Expected Collections Collections by Month Feb Mar Tota $
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