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Is is January 1, 20X2. Sales for Harry Company for January, February, and March are forecasted to be as follows: January: $266,000 February: $205,000 March:
Is is January 1, 20X2. Sales for Harry Company for January, February, and March are forecasted to be as follows: January: $266,000 February: $205,000 March: $279,000 . Sixty percent of the sales are credit sales, and the remaining 40% are cash sales. Of the credit sales, 40% are collected during the month of sale, 20% in the following month, and 40% in the second following month. TOTAL sales for November and December, 20X1 were $250,000 and $304.000, respectively. What is the forecasted amount of total CASH COLLECTIONS in FEBRUARY? O $236,080 O $82,000 $154,080 $338.800
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