All of Gaylord Corporation’s sales are on account. Thirty-fi…
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: January February March AprilTotal sales $50,000 $60,000 $40,000 $30,000What is the amount of cash that should be collected in March?