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Information for Rambo Corporations cash budget is:Quarter 1 2 3 4 Estimated sales ( units ) 1 0 0 2 0 0 3 0 0

Information for Rambo Corporations cash budget is:Quarter 1234Estimated sales (units)100200300200Each unit sells for $12 and 80% of sales are on credit. Credit sales are collected as follows: 25% in the quarter of the sale and the balance in the following quarter. How many dollars of 2nd quarter sales will be collected in cash in the 3rd quarter?Select one:a.$1800b.$2400c.$150d.$1440

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