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Crypto Giants of North Bay Inc. collects 25% of its sales in the month of sale, 55% in the month following the month of sale,
Crypto Giants of North Bay Inc. collects 25% of its sales in the month of sale, 55% in the month following the month of sale, 16% in the second month following the sale, January = 69,000; February = 56,650; March = 55,800; and, April = 78,000. What is the amount of the cash collections in April? a) $62,374.00 b) $66,512.00 ) $59,254.00 d $56,147.50 e) $62,014.00 ChatGPT
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