Happy Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are $25$ percent of total sales each month. Historically, sales on account have been collected as follows: $50$ percent in the month of the sale, $30$ percent in the month after the sale, and the remaining $20$ percent two months after the sale.

Gross sales for the quarter are projected as follows:

January $$28,000$

February $$14,000$

March $$56,000$

Accounts receivable on December $31$ were $$42,000.$

Happy's expected cash collections for March would be:

Select one:

a$.$

$$56,350$

b$.$

$$44,800$

c$.$

$$37,800$

d$.$

$$42,350$Happy Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are $25$ percent of total sales each month. Historically, sales on account have been collected as

follows: $50$ percent in the month of the sale, $30$ percent in the month after the sale, and the remaining $20$ percent two months after the sale.

Gross sales for the quarter are projected as follows:

Accounts receivable on December $31$ were $$42,000.$

Happy's expected cash collections for March would be:

Select one:

a$.$ $$56,350$

b$.$ $$44,800$

c$.$ $$37,800$

d$.$ $$42,350$