Santelle Company expects August sales to be $30,000. Approximately 40% of sales are cash sales. Collection of credit sales are 50% in the month of sale, 40% in the month following sale and 5% two months following sale. The remaining 5% is uncollectible. ________ is the expected cash collection in August from August sales. A) $9,000 B) $12,000 C) $21,000 D) $36,000 Answer: C can you please explain to me how the answer is c? Solution Calculate expected cash collection in august from august sales : so answer is c) $21000AugustCash sales august (30000*40%)12000Credit sales collection (30000*60%*50%)9000Total cash collection in august from august sales21000.