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Windsor Industries expects credit sales for January, February, and March to be $197,500, $263,700, and $310,300, respectively. It is expected that 75% of the sales
Windsor Industries expects credit sales for January, February, and March to be $197,500, $263,700, and $310,300, 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. Calculate cash collections from customers for each month. January February March Total Collections +A $ Sales $ Jan WINDSOR INDUSTRIES Schedule of Expected Collections $ LA $ Collections by Month Feb SA
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