QUESTION 29 Joy Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month Cash sales are 25 percent of total sales each month Historically, sales on account have been collected as follows: 50 percent in the month of the sale, 30 percent in the month after the sale, and the remaining 20 percent two months after the sale Gross sales for the quarter are projected as follows: $20.000 510.000 540.000 Accounts receivable on December 31 were $30,000 Joy's expected cash collections for Starch would be A 517.000 8. $32,000 C$47,200 D. 530,250 Care and submit to see and w ill n ow all