43. Jackson Companys credit history indicates that 60 percent of revenue is collected in the quarter the sales occur, 35 percent in the quarter following the month of sales, and 5 percent in the quarter thereafter. Assume Jacksons cash sales remain steady at $25,000 each quarter, credit sales are $600,000 in quarter 1, $520,000 in quarter 2, $480,000 in quarter 3, and $650,000 in quarter 4. What will Jacksons cash collections from sales be for the quarter 3? A. $500 B. $525,000 C. $505,000 D. $540,500 E. None of the above. 44. Jackson Companys payment policy is to pay 40 percent of its accounts payable in the quarter purchases are made and 60 percent in the following quarter. Assume Jacksons credit purchases totaled $400,000 in quarter 1, $420,000 in quarter 2, $530,000 in quarter 3 and $580,000 in quarter 4. What will Jacksons cash payments be for quarter 3? A. $482,500 B. $560,000 C. $530,000 D. $464,000 E. None of the above