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Blossom Manufacturing Company expects the following sales in January, February, and March: January February March Cash Sales $51500 $45100 $85000 Credit Sales $254500 $240000 $330000

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Blossom Manufacturing Company expects the following sales in January, February, and March: January February March Cash Sales $51500 $45100 $85000 Credit Sales $254500 $240000 $330000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale,5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in March? O $282725 O $355000 $367725 $415000

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