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Indigo Corporation significantly reduced its requirements for credit sales. As a result, sales during the current year increased dramatically. It had receivables at the beginning of the year of $35,100 and ending receivables of $196,800. Credit sales were $361,800.
(a) Determine cash collections during the period.
(b) Cash collections during the period $
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Indigo Corporation significantly reduced its requirements for credit sales. As a result, sales durin...
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