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10 LeMinton Company expects the following credit sales for the first five months of the year: January, $30,000; February, $45,000; March, $35,000; April, $41,000, May
10 LeMinton Company expects the following credit sales for the first five months of the year: January, $30,000; February, $45,000; March, $35,000; April, $41,000, May $45,000. Experience has shown that payment for the credit sales is received as follows: 65% in the month of sale, 20% in the first month after sale, 10% in the second month after sale, and the remainder is uncollectible. How much cash can LeMinton Company expect to collect in March as a result of credit sales (current and past)? 8 01:31:46 Multiple Choice $35,000. $22,750. O O $30,700 O O $34,750 O $32,650
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