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3 Wichita Industries' sales are 10% for cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 40%
3 Wichita Industries' sales are 10% for cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 40% in the next month, and 30% in the second following month. Wichita Industries' had $18,000 from November sales and $49,000 from December sales Assume that total sales for January and February are budgeted to be $56,000 and $112,000, respectively. What are the expected cash receipts for February from current and past sales? Skipped Multiple Choice O $31,360 O $82.600. O $41,160. O $57,760 O $59,160
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