Business
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:  $57,000  $61,200  $66,400  $80,750  $90,250

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