JerAx Inc. is preparing its cash budget. It expects to have sales of $50,000 in January, $55,000 in February, and $75,000 in March. If 25% of sales are for cash, 35% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March?

Group of answer choices

$58,000

$56,000

$49,000

$48,000

Cassie acquired a house and lot by making P1,500,000 down payment and a sequence of P200,000 payment at the end of each year for five years. If money is worth 12% effective, find the cash price of the property.

Group of answer choices

2,630,044.61

1,130,044.61

720,955.24

2,220,955.24

For five years, P200,000 will be deposited in a fund at the beginning of each six months. The moneys worth is 12% compounded semi-annually. How much is in the fund at the end of 4 years just after the last deposit is made?

Group of answer choices

2,636,158.99

2,436,158.99

2,515,578.51

1,441,811.88