Zale, Inc. has provided the following extracts from their budget for the first quarter of...
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Zale, Inc. has provided the following extracts from their budget for the first quarter of the forthcoming year: Jan Feb March Sales (20% cash) $500,000 $750,000 $1,000,000 The company collects 70% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. A) $690,000 B) $570,000 C) $750,000 D) $540,000
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