If Excel Inc. has projected sales of $30,000 in January, $20,000 in February, and $20,000 in...

  

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If Excel Inc. has projected sales of $30,000 in January, $20,000 in February, and $20,000 in March, where 20% of sales are cash sales and the remaining (80%) credit sales are collected the month after, what are the cash receipts in March? Show all work (display all the variables used in your formulas, and/or detail all steps used in determining the calculation)! If Excel Inc. has projected sales of $30,000 in January, $20,000 in February, and $20,000 in March, where 20% of sales are cash sales and the remaining (80%) credit sales are collected the month after, what are the cash receipts in March? Show all work (display all the variables used in your formulas, and/or detail all steps used in determining the calculation)!