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Sales projections are in the table below, 30% of sales are collected in the month of sale: 60% are collected in the month following sale,

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Sales projections are in the table below, 30% of sales are collected in the month of sale: 60% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. What is the amount of cash collections in December? A. $38,500 B. $42,000 C. $45,000 D. $55,000 October November December January February 40,000 $60,000 50,000 $35,000 $ 25.000

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