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The following credit sales are budgeted by Landis Electronics: January= $200,000 February = $250,000 March= $300,000 April= $400,000 May= $460,000 Past experience indicates that 45%

The following credit sales are budgeted by Landis Electronics:

January= $200,000

February = $250,000

March= $300,000

April= $400,000

May= $460,000

Past experience indicates that 45% of the accounts receivable are collected in the month of sale, 35% in the month following the sale and 17% in the second month following the sale. 3% of the sales are uncollectible.

Use the above information. Calculate the anticipated cash receipts for March.

Group of answer choices

A. $248,500

B. $256,500

C. $262,500

D. $265,500

Use the above information. Calculate the anticipated cash receipts for April.

Group of answer choices

A. $327,500

B. $335,000

C. $337,500

D. $339,000

Use the above information. Calculate the anticipated cash receipts for May.

Group of answer choices

A. $388,200

B. $398,000

C. $407,000

D. $420,800

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