Question: Please need help for my finance class 5. Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000

Please need help for my finance class

5. Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $22,500 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March? a. $31,415 b. $33,855 c. $30,500 d. $26,840 e. $22,875

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