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The following is the sales budget for Yellowhead Inc. for the first quarter of 2 0 2 1 : Credit sales are collected as follows:
The following is the sales budget for Yellowhead Inc. for the first quarter of :
Credit sales are collected as follows: in the month of the sale, in the month after
the sale, and in the second month after the sale.
The accounts receivable balance at the end of the previous quarter was
of which was uncollected December sales
a Calculate the sales for November. Omit $ sign in your response.
November sales $
b Calculate the sales for December. Round the final answer to decimal places. Omit
$ sign in your response.
December sales $
c Calculate the cash collections from sales for each month from January through March.
Do not round intermediate calculations. Round the final answers to decimal places.
Omit $ sign in your response.
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