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Sunland Industries expects credit sales for January, February, and March to be $206,800, $244,400, and $282,000, respectively. It is expected that 75% of the sales
Sunland Industries expects credit sales for January, February, and March to be $206,800, $244,400, and $282,000, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month. Collections from Customers Credit Sales January February March January 155,100 $ 51,700 $ February 195,750 65,250 March i 137,750 $ 155,100 $ 247,450 $ 303,000
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