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Freighters Inc. has provided the following extracts from their budget for the first quarter of the forthcoming year: Jan Feb March Sales (30% cash) $500,000

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Freighters Inc. has provided the following extracts from their budget for the first quarter of the forthcoming year: Jan Feb March Sales (30% cash) $500,000 $750,000 $1,000,000 The company collects 60% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. $490,000 $720.000 $ 580,000 O $680,000

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