Question

Kaspar Industries expects credit sales for January, February, and March to be $204,200, $266,000, and $317,000,...

Kaspar Industries expects credit sales for January, February, and March to be $204,200, $266,000, and $317,000, 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.

Collections from Customers

Credit Sales                   January                 February              March

January                         $______                 $________           $______

February                        ______                 ________           ______

March                             ______                 ________           ______

                                       $______                 $________           $______

Business   Accounting   
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Answer #1
Credit Sales January February       March
January   153150 51050
February       199500 66500
March 237750
153150 250550 304250
Formulas:
Credit Sales January February       March
January   =204200*75% =204200*25%
February       =266000*75% =266000*25%
March =317000*75 %
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