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Victors expects total sales of $702,000 for January and $349,000 for February. Assume that Victors's sales are collected as follows: (Click the icon to view
Victors expects total sales of $702,000 for January and $349,000 for February. Assume that Victors's sales are collected as follows: (Click the icon to view the collection history.) November sales totaled $388,000, and December sales were $407,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If an input field leave the input field empty; do not enter a zero.) not used in the table January February Total sales January February More info 50% in the month of the sale 30% in the month after the sale Cash Receipts from Customers: Nov.-Credit sales, collection of Nov. sales in Jan. Dec.-Credit sales, collection of Dec. sales in Jan. Dec.Credit sales, collection of Dec. sales in Feb. Jan.Credit sales, collection of Jan. sales in Jan. Jan.Credit sales, collection of Jan. sales in Feb. 16% two months after the sale 4% never collected Feb.Credit sales, collection of Feb. sales in Feb. Total cash receipts from customers Print Done
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