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A company's history indicates that 20% of its sales are for cash and the rest...

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Accounting

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A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the month after the sale, 25% in the second month after the sale, and 5% is uncollectible. Projected sales for December, January, and February are $60,000, $85,000 and $90,000, respectively. The February expected cash receipts from current and prior credit sales is: DON'T USE COMMA SEPARATORS

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