Business, 16.06.2020 22:57 ykpwincess

All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: Total sales
January $50,000
February $60,000
March $40,000
April $30,000
What is the amount of cash that should be collected in March?
a) $24,000
b) $37.000
c) $41,000
d) $51,000

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All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are c...

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