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Grover has forecast sales to be $130,000 in February, $144,000 in March $150,000 in April, and $146,000 in May, The average cost of goods sold

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Grover has forecast sales to be $130,000 in February, $144,000 in March $150,000 in April, and $146,000 in May, The average cost of goods sold is 80% of sales. All sales are on made on credit and sales are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts in March? Multiple Choice $139,100 $99,800 $143,100 $102,600

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