What is the expected cash collections in march

Reference no: EM132785497

Problem 1: Big Jim Outerwear had the following sales January February $200,000 March $210,000 If sales are 40 % cash and 60 % credit with credit collections being 10 % in the month of sale , 50 % in the month following sale , and 40 % in the second month following sale. What is the expected cash collections in March ?

Select one

a. 84000

b . $202,200

c . $222,222

d. $ 200,000

Reference no: EM132785497

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