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Compute the cash collections from january sales

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Reference no: EM13512458

Noterman Company has credit sales of $500,000 in January. Past experience suggests that 45% is collected in the month of sale, 50% in the month following the sale, and 5% in the second month following the sale. Compute the cash collections from January sales in January, February, and March.

Reference no: EM13512458

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