Fad MA final mock-ala Question-ClassMarker classmarker.com/ Time left: 0:26:35 Khalifa Alzabi Question 36 of 50 Point25 Sparrow Co makes and sells construction materials and has some cash sales and some credit sales Actual credit sales for the past four months were as follows: February 50,000 March 60,000 April 20,000 May 40,000 20% of credit sales are expected to pay in the month of sale, 60% in the month after sale, 10% in the second month after sale and 10% are expected to be bad debts. Sparrow Co has budgeted that total sales in August will be $320,000, then $510,000 in September, $130,000 in October and $250,000 in November. 50% of sales are expected to be credit sales. Customers who pay in cash are given a 10% discount. Task 1 Calculate the amount of cash Sparrow Co should collect from credit sales in the month of May esc G Search or type URL Liates St