QUESTION 8 Division Inc. has cash and credit customers. The company estimates that 50% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the sales on account, 10% are expected to be collected in the month of the sale, 50% in the month following the sale and the remainder in the second month following the sale. January $350,000 February 375,000 March 360,000 8. Prepare a schedule indicating the total cash collections for March. A. $332,000 OB. $361,750 OC. $364,500 OD. $246,000 QUESTION 7 Division Inc. has cash and credit customers. The company estimates that 50% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the sales on account, 10% are expected to be collected in the month of the sale, 50% in the month following the sale and the remainder in the second month following the sale. January $ 350,000 February 375,000 March 360,000 7. Prepare a schedule indicating the total cash collections for February. O A. 332,250 O B. $245,000 OC. $293,750 OD. $364,500