Saved Help Save & Exit Submit A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next month, 20% the following month, and 10% is uncollectible. Projected sales for December, January, and February are $75,000, $100,000 and $110,000, respectively. The February expected cash receipts from all current and prior credt sales is: Multiple Choice $58,600 $69,600 $80,600 $28.800 Prev8 of 25 Next >