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Charismatic Personality Studio had an accounts receivable balance of $60,000 at December 31, 2019. Projected sales for the first three months of 2020...
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Charismatic Personality Studio had an accounts receivable balance

of $60,000 at December 31, 2019. Projected sales for the first three months of 2020 are _______.
 
January                      $120,000
February                    $130,000
March                        $100,000
 
All sales are credit sales. Charismatic Personality Studio usually collects 40% of its sales during the month of sale, 50% in the month following the sale, and 10% in the second month following the sale. Given this information, cash collections during March should be:

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Subject: Accounting, Business

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