Cringle Company Expects Sales as Follows Sales Are Made 30% for Cash, and 70% on Credit

question 78

Multiple Choice

Cringle Company expects sales as follows: $$\begin{array} { l r } \text { January } & \$ 150,000 \\\text { February } & 180,000 \\\text { March } & 210,000 \\\text { April } & 170,000\end{array}$$ Sales are made 30% for cash, and 70% on credit. Credit sales are collected 40% in the month of sale and 60% in the next month. How much were cash collections in March?

• A) $138,600
• B) $255,000
• C) $197,400
• D) None of the answer choices are correct.

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