question 2

SE 101 pts possit Jan Camelia, a merchandising company, han provided the following extracts from their budget for the first quarter of the forthcoming year. Feb March Sales (20% cash) $400,000 $700,000 $850,000 The company collects 70% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February O A $700,000 B. $532,000 OC. $488,000 OD $628,000