"PROBLEM 2 The sales forecasts of Player Company for the first nine months of 1978 are as follows. April January February March 100,000.00 110,000.00 115,000.00 May 120,000.00 130,000.00 180,000.00 190,000.00 200,000.00 220,000.00 August September June Cash sales are 25% of monthly sales, and credit sales are collected 30% in the month following the sale, sex the following month and 40% in the following month the sale. Required IN MAY How much cash will you receive from April credit sales? 24850 b. 27,000 c. 31,000 d. 30,000 e. 25875 35 ** 3 5 6 8 7 8 9 W E R T Y 1 0 S D F G H J C V B N. M