8

1 2 3 4 5 6 7 8 9 10 QUESTION 8 Center Company makes collections on sales according to the following schedule : 30% in the month of sale 60% in the month following sale 8% in the second month following the sale The following sales are expected: January $100, 000 February $115, 000 March $160 , 000 Cash collections in March are budgeted to be? (Round to the nearest $1. 00)