QUESTION 6 Forza Inc. provided the following information relevant to its sales: Credit sales Cash sales...

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QUESTION 6 Forza Inc. provided the following information relevant to its sales: Credit sales Cash sales Dec. Year 1 (Actual) $ 69,000 $ 19,000 Jan. Year 2 (Budgeted) $149,000 $ 34,000 Feb. Year 2 (Budgeted) $164,000 Mar Year 2 (Budgeted) $ 39,000 $119,000 $21,000 Based on the company's collection history, 42% of credit sales are collected in month of sale and the remainder is collected in the following month. Total budgeted cash receipts in February are expected to be: O $44,160. $60,000. $54,720. $194,300. 3 points QUESTION 6 Forza Inc. provided the following information relevant to its sales: Credit sales Cash sales Dec. Year 1 (Actual) $ 69,000 $ 19,000 Jan. Year 2 (Budgeted) $149,000 $ 34,000 Feb. Year 2 (Budgeted) $164,000 Mar Year 2 (Budgeted) $ 39,000 $119,000 $21,000 Based on the company's collection history, 42% of credit sales are collected in month of sale and the remainder is collected in the following month. Total budgeted cash receipts in February are expected to be: O $44,160. $60,000. $54,720. $194,300. 3 points