Multiple Choice
Singal Inc.is preparing its cash budget.It expects to have sales of $30,000 in January,$35,000 in February,and $35,000 in March.If 20% of sales are for cash,40% are credit sales paid in the month after the sale,and another 40% are credit sales paid 2 months after the sale,what are the expected cash receipts for March?
A) $24,057
B) $26,730
C) $29,700
D) $33,000
E) $36,300
Correct Answer:
Verified
Correct Answer:
Verified
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