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Yogi expects total sales of $365,000 in January and $415,000 in February. Assume that Yogi's sales are collected as follows: (Click the icon to view
Yogi expects total sales of $365,000 in January and $415,000 in February. Assume that Yogi's sales are collected as follows: (Click the icon to view the collections.) November sales totaled 5320,000, and December sales were $250,000. 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 Total sales More Info January February 40% in the month of the sale 30% in the month after the sale 26% 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. Total cash receipts from customers Print Done
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