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question 3 thanks 3. Bundy Company manufactures student desks and has estimated sales of $325,000 for 2018. It is expected that sales will increase by

question 3 thanks

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3. Bundy Company manufactures student desks and has estimated sales of $325,000 for 2018. It is expected that sales will increase by 10% in dollar value per year, for each of the next three years. Only 20% of the annual sales are paid for in cash. The closing balance of accounts receivable each year is equal to 30% of each year's credit sales. The beginning balance of accounts receivable (debtors) in 2018 is zero. The amount of cash collected from debtors in 2020 will be: A. $278.200 B. $220.220 C. $200.200 D. $306,020

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