Q1,A firm had credit sales of $1,750,000 for February and $1,250,000 for March. It collected its sales
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Q1,A firm had credit sales of $1,750,000 for February and $1,250,000 for March. It collected its sales 30% in the month of sale and 70% in the month following the sale. How much cash from sales would be collected in March?
Select one:
a. $1,875,000
b. $1,400,000
c. $1,250,000
d. $1,600,000
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