A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales for the first quarter are: January $370000 February March 306000 O $421800. $330000. O $440300. O $425300. 550000 Budgeted cash receipts for the month of March are

A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales for the first quarter are: Budgeted cash receipts for the month of March are $421800 $330000 $440300. $425300