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Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January,...

Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $20,000 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. $34,200
b. $28,200
c. $24,600
d. $30,000
e. $27,600

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jeff jeffy answered 6 months ago
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