(Answered) Question - johnson equipment expects the following sales in

Accounting

Question - Johnson Equipment expects the following sales in January, February, and March:

	Cash Sales	Credit Sales
January	$50,000	$250,000
February	$45,000	$240,000
March	$85,000	$325,000

The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 35% in the first month after sale, and 5% in the second month after sale. How much cash will be collected from customers in March?

a- $291,500

b- $376,500

c- $410,000

d- None of these answer choices are correct

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