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Cullumber Manufacturing Company expects the following sales in January, February, and March January February March Cash Sales $50200 $46000 $85600 Credit Sales $253000 $241500 $324000
Cullumber Manufacturing Company expects the following sales in January, February, and March January February March Cash Sales $50200 $46000 $85600 Credit Sales $253000 $241500 $324000 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? $409600 $279500 O $352450 $365100
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