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Crane Manufacturing Company expects the following sales in January, February, and March: Cash January February March Sales $51100 $45600 $84200 Credit Sales $253000 $242000 $321000

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Crane Manufacturing Company expects the following sales in January, February, and March: Cash January February March Sales $51100 $45600 $84200 Credit Sales $253000 $242000 $321000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, 5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in March? $362050 $349400 $277850 $405200

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