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Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit sales for the first four months of the year

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Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit sales for the first four months of the year are shown below: January February March April $25,000 $31,000 $40,000 $43,000 The company's post records show collection of credit sales as follows: 40% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be Multiple Choice $37.750 $40,000 $26.500 FUULUBEY March April l91, 999 $40,000 $43,000 The company's past records show collection of credit sales as follows: 40% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be 07 Multiple Choice $37,750 $40.000 $26.500 $34,500 Dros 9992 BE Al

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