@ NC... homepage Portfolio | Robinho... TD Online Stock Tradi... V Balances and holdi... Tution payments At the beginning of the current year, Eddie Money Company compiled information to prepare a cash budget for the first quarter (January through March). Assume that 60% of the Company's total sales are credit sales and that 40% of the Company's total sales are cash sales. Projected Total Month Sales January $165,000 February $180,000 March $130,000 Additional information: November credit sales were $105,000 and December credit sales were $125,000. 70% of credit sales are collected one month after the sale. 25% of credit sales are collected two months after the sale. The remaining 5% of credit sales are presumed to be uncollectible. What is the amount of budgeted cash collections in the month of February? $100,550 O $160,050 O $218,750 F Mastering Ph. Calculator Guidelines Webcam Mi MacBook Pro G Search or type URL 5 T 6 Y U H 8 K 0