Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit $ales of $$45,000$ and $$75,000,$ respectively. The

company expects to collect $45\%$ of its credit sales in the month of the sale and the remaining $55\%$ 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

$$33,750$

$$58,500$

$$41,250$

$$54,000$