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Yandell expects total sales of $360,000 in January and $410,000 in February. Assume that Yandell's sales are collected as follows: (Click the icon to view
Yandell expects total sales of $360,000 in January and $410,000 in February. Assume that Yandell's sales are collected as follows: (Click the icon to view the collections.) November sales totaled S290,000, and December sales were $340,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty: do not enter a zero.) Cash Receipts from Customers January February a More Info - X Total sales January February 80% in the month of the sale 10% in the month after the sale 6% two months after the sale 4% never collected 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. Feb.-Credit sales, collection of Feb. sales in Feb. Print Done Total cash receipts from customers
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