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Noah Corp. expects sales of 10,000 units in January 2022 and 7,000 units in February. If Noah Corp. sells each unit on account for $3

Noah Corp. expects sales of 10,000 units in January 2022 and 7,000 units in February. If Noah Corp. sells each unit on account for $3 and collects 75% of their sales on account in the month of the sale and 25% in the following month, what are expected cash collections in February 2022?

  • A. $28,500
  • B. $21,000
  • C. $23,250
  • D. $27,750

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