Vaughn Industries expects credit sales for January, February, and March to be $203,000, $247,200, and $312,900, respectively.
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Vaughn Industries expects credit sales for January, February, and March to be $203,000, $247,200, and $312,900, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month.
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