All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: JanuaryFebruaryMarchAprilTotal sales$50,000$60,000$40,000$30,000?What is the amount of cash that should be collected in March?
A. $51,000
B. $37,000
C. $41,000
D. $24,000
Answer: A
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