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The following is the sales budget for Profit, Inc., for the first quarter of 2 0 1 8 : table [ [ Sales ,
The following is the sales budget for Profit, Inc., for the first quarter of :
tableSalesJanuary February Marchbudget$$$
Credit sales are collected as follows:
percent in the month of the sale
percent in the month after the sale
percent in the second month after the sale
The accounts receivable balance at the end of the previous quarter was $ $ of which was uncollected December salies
a Calculate the sales for November, Do not round intermediate calculations and round your answer to decimal places, e
b Calculate the sales for December Do not round intermediate calculations and round your answer to decimal places, e
c Calculate the cash collections from sales for each month from January through March. Do not round intermediate calculations and round your answers to decimal places, eg
tableaNovember sales,bDecember sales,cJanuary cash collections,February cash collections,March cash collections,
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