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Total Credit Sales Sales January $ 80,000 $ 64,000 February $ 150,000 $ 120,000 March $ 180,000 $ 144,000 April $ 90,000 $ 72,000 May

Total Credit Sales Sales January $ 80,000 $ 64,000 February $ 150,000 $ 120,000 March $ 180,000 $ 144,000 April $ 90,000 $ 72,000 May $ 60,000 $ 48,000 June $ 40,000 $ 32,000 Assume the following rates of collection: Month of sale- 5%, 1st month after sale 20.0% 2nd month after sale 25%, and 3rd month after sale -40% Compute TOTAL April cash collections O $106.000 O $128.000 O $104,800 O $88.000 O None of the other amwers are com 00

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