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Business, 19.10.2019 04:30 2019johnfranken

Acompany'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, 25% the following month, and 5% is uncollectible. projected sales for december, january, and february are $60,000, $85,000 and $95,000, respectively. the february expected cash receipts from all current and prior credit sales is: î©– $57,000 î©– $61,200 î©– $66,400 î©– $80,750 î©– $90,250

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Acompany's history indicates that 20% of its sales are for cash and the rest are on credit. collecti...
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