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A company's history indicates that 25% of its sales are for cash and the rest ate on credit. Collections on credit sales are 20% in
A company's history indicates that 25% of its sales are for cash and the rest ate on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next on 20% the owing month, and 10% s un o ectible ojected sa s or December, January, and February are $70,000, $95,000 and $1050 respectively. The February expected cash receipts from all currert and prior credit sales is Multiple Choice $51,376 61,875 $72.375 $25,688 100.000
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