In class test 3 review questions 1. The following credit and cash sales (respectively) are budgeted by Polex Electronics: The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 20% in the second month following the sale. How much does the company anticipate as cash receipts for March? a. $133,300 b. $125,820 c. $135,060 d. $122,300 2. What is the company's Accounts Receivable at March 31st? a. $102,200 b. $88,200 c. $93,800 d. $9$,500