Finkenauer Corporation's sales are all on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $50,000 $60,000 $40,000 $30,000 What is the amount of cash that should be collected in March? $24,000 $37,000 O $51,000 $41,000 Question 5 7.2 p Doug Jones has decided to start his own business, and it thinking about creating a budget. Benefits that Doug will see from budgeting are budgets provide benchmarks to evaluate subsequent performance Budgets help managers communicate objectives to employees Budgets compels managers to think ahead O all of the answers are correct