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Markham Company has completed its sales budget for the first quarter of Year 2. Projected...

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Accounting

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Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit sales for the first four months of the year are shown below: January February March April $30,000 $36,000 $ 45,000 $ 48,000 The company's past records show cbllection of credit sales as follows: 30% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be: Multiple Choice O $31,800. O $38,700 O $42,300

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