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The Smaller is Better Company makes collections on credit sales according to the following schedule: 60% in month of sale 30% in month following sale

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The Smaller is Better Company makes collections on credit sales according to the following schedule: 60% in month of sale 30% in month following sale 10% in second month following sale The following sales have been budgeted: Jay February March Total $100.000 5115000 511000053257000 The budget for cash collections in March is: Select one 25105.500 b. 5112.000 $110.500 d. 5110.000

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