Review the video to help you answer the following question Assume Smart Touch Learning estimates...
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Accounting
Review the video to help you answer the following question Assume Smart Touch Learning estimates that 35% of their sales are for cash and 65% of their sales are on account. Also assume the company estimates that for its sales on account, 35% of the cash is collected during the current month while 65% of the cash is collected the following month. The Accounts Receivable balance for the company is $36,000 on March 1, and budgeted sales for March is $135,000. What is the budgeted cash receipts from customers for March? (Round your answers to the nearest whole dollar) O A $135,000 O B. $206,213 OC. $149,963 O D. $113,963
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