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Below are the sales forecasts for the first four months of 2020: Month cash sales credit sales 1 2 $15 $24 $100 $120 3

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Below are the sales forecasts for the first four months of 2020: Month cash sales credit sales 1 2 $15 $24 $100 $120 3 4 $18 $14 $90 $70 On average, 50% of credit sales are paid for in the current month, 30% in the next month, and the remainder in the month after that. What are the expected cash collection in month 3?

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