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Big Jim Outerwear had the following sales January February $200,000 March $210,000 If sales are 40 % cash and 60 % credit with credit collections
Big Jim Outerwear had the following sales January February $200,000 March $210,000 If sales are 40 % cash and 60 % credit with credit collections being 10 % in the month of sale , 50 % in the month following sale , and 40 % in the second month following sale . What is the expected cash collections in March ? Select one a. 84000 b . $202,200 c . $222,222 d. $ 200,000
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