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Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of

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Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $42,000 and $68,000, respectively. The company expects to collect 60% of its credit sales in the month of the sale and the remaining 40% in the following month. What amount of cash collections from credit sales would the company include in its cash budget for the second month? Multiple Choice O $40,800 O $57,600 O $27,200 O $66,000

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