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Treasure Service anticipates the following sales Its collection history indicates that credit sales revenue over a five-month period: are collected as follows: (Click the icon
Treasure Service anticipates the following sales Its collection history indicates that credit sales revenue over a five-month period: are collected as follows: (Click the icon to view the sales data.) 1 (Click the icon to view the collections data The company's sales are 20% cash and 80% credit. How much cash will be collected in January? February? In March? For the quarter in total? X Data table November December January February March Sales revenue . . . 16,500 $ 11,000 15,800 $ 12,400 14,000More into 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected January February March Cash sales E Collection of credit sales: 25% Month of sale H I 50% Month after |:| 20% Two months after |;| Total cash collections = = = Quarter
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