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Calculate the collections from the customers

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Question - Freighters Inc. has provided the following extracts from their budget for the first quarter of the forthcoming year: Sales (30% cash) January $500,000, February $750,000, March $1,000,000

The company collects 60% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers from the month of February.

Reference no: EM131584220

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