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DENNIS CORP HAS THE FOLLOWING TOTAL SALES DATA: JANUARY $196,000 FEBRUARY $190,000 MARCH $208,000 CREDIT SALES REPRESENT 75% OF TOTAL SALES. CREDIT SALES ARE COLLECTED
DENNIS CORP HAS THE FOLLOWING TOTAL SALES DATA: JANUARY $196,000 FEBRUARY $190,000 MARCH $208,000 CREDIT SALES REPRESENT 75% OF TOTAL SALES. CREDIT SALES ARE COLLECTED 20% IN THE MONTH OF SALE, 70% IN THE FIRST MONTH AFTER SALE, AND 8% IN THE SECOND MONTH AFTER SALE. WHAT ARE TOTAL ESTIMATED CASH COLLECTIONS DURING MARCH? MARCH CASH COLLECTIONS_
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