Manu has forecast sales to be $115,900 in February, $156,600 in March, $163,900 in April, and $177,700 in May. The average cost of goods sold is 70% of sales. 49% of sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following.

What are budgeted cash receipts on credit sales in March collected in March?

Selected Answer:	[None Given]
Correct Answer:	49,877 2