A company's history indicates that 20% of its sales are for cash and the rest are on credit.Collections on credit sales are 30% in the month of the sale,50% in the next month,and 15% the following month.Projected sales for January,February,and March are $60,000,$85,000 and $95,000,respectively.The March expected cash receipts from current and prior credit sales is:
A)$57,000
B)$63,080
C)$64,000
D)$80,750
E)$90,250

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The Answer of A company's history indicates that 20% of its sales are for cash and the rest are on credit.Collections on credit sales are 30% in the month of the sale,50% in the next month,and 15% the following month.Projected sales for January,February,and March are $60,000,$85,000 and $95,000,respectively.The March expected cash receipts from current and prior credit sales is:
A)$57,000
B)$63,080
C)$64,000
D)$80,750
E)$90,250

A Company's History Indicates That 20% of Its Sales Are