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2 January February March April Cash Sales $40,000 $35,000 $25,000 $30,000 Credit Sales $120,000 $110,000 $90,000 $100,000 20% of the credit sales are collected in
2 January February March April Cash Sales $40,000 $35,000 $25,000 $30,000 Credit Sales $120,000 $110,000 $90,000 $100,000 20% of the credit sales are collected in the month of sale, 70% in the month after sale, and 10% in the second month after sale. What are the cash collections for March? Multiple Choice O $132,000 O $18,000 O $120,000 O $107,000
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