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Vaughn Industries expects credit sales for January, February, and March to be $268,400, $317,200, and $366,000, respectively. It is expected that 75% of the
Vaughn Industries expects credit sales for January, February, and March to be $268,400, $317,200, and $366,000, 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. Credit Sales January January February March Collections from Customers February March
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