Bruno Industries expects credit sales for January, February, and March to be $209,400, $266,140, and $319,990, 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.
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Collections from Customers
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Credit Sales
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|
January
|
|
February
|
|
March
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| January |
|
$
|
|
$
|
|
$
|
| February |
|
|
|
|
|
|
| March |
|
|
|
|
|
|
|
|
$
|
|
$
|
|
$
|