Question
Vaughn Industries expects credit sales for January, February, and March to be $211,200, $249,600, and $288,000, respectively. It is expected that 75% of the sales
Vaughn Industries expects credit sales for January, February, and March to be $211,200, $249,600, and $288,000, 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.
Collections from Customers | ||||||
---|---|---|---|---|---|---|
Credit Sales | January | February | March | |||
January | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||
February | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||
March | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||
$enter a total amount | $enter a total amount | $enter a total amount |
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