Freightcan Holders has provided the following extracts from their budget
January 7th, 2018
Freightcan Holders has provided the following extracts from their budget for the first quarter of the forthcoming year:JanFebMarchSales (30% cash)$500,000$750,000$1,000,000The company collects 60% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February.$ 580,000$720,000$680,000$490,000