7. Dollarbird Ltd. projects sales for its first three months of operation as follows. 4 January February March Credit sa

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7 Dollarbird Ltd Projects Sales For Its First Three Months Of Operation As Follows 4 January February March Credit Sa 1 (48.69 KiB) Viewed 14 times

7. Dollarbird Ltd. projects sales for its first three months of operation as follows. 4 January February March Credit sales $150 000 $188 000 $176 000 Cash sales $60 000 $50 000 $55 0004 $210 000 $238 000 $231 0004 After interviewing the sales team, the CFO of Dollarbird Ltd finds that 50% of credit sales will be collected in the month following sale, 30% in the second month following the sale and the balance the third month. A 5% discount is given if payment is received in the month following sale. Based on the above information only, what is the anticipated cash receipt for February? 4 A. $71 250 B. $107 500 C. $121 250 D. $144,000 E. $238 000