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139. The following credit sales are budgeted by Polex Electronics: January $124,000 February 120,000 March 135,000 April 140,000 May 142,000 The company's past experience indicates

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139. The following credit sales are budgeted by Polex Electronics: January $124,000 February 120,000 March 135,000 April 140,000 May 142,000 The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 18% in the second month following the sale. Two percent are uncollectible. How much does the company anticipate as cash receipts for March? a) $132,300 b) $125,820 c) $135,060 d) $122,300

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