NARRBEGIN: Exhibit 15-1 Exhibit 15-1

NARRBEGIN: Exhibit 15-1
Exhibit 15-1
You are working to forecast the cash disbursements for a manufacturing company.Sales are forecasted to be $175,000,$200,000,$225,000,and $250,000 for January,February,March,and April,respectively.The firm purchases 25% of each amount in cash and will then pay 70% of the credit purchase in the month following the purchase with the remainder paid in full two months after the purchase.
-Refer to Exhibit 15-1.What is the amount of February sales to be collected in March for the company?

A) $206,625
B) $105,000
C) $56,250
D) none of the above