Indirect taxes are typically imposed on income from profits, capital gains, intracorporate transactions, royalties, interest, and dividends

The area under the normal curve represents probability

Indicate whether this statement is true or false.

The sales for January, February, and March are $50,000, $80,000 and $120,000, respectively

For any particular month of sales, the following percentages are received over time in cash: 40% in cash from that same month of sales; 50% in cash from the previous month's sales; and, 10% in cash from the sales from two months ago. What amount of cash will be received during March? A) $93,000 B) $97,500 C) $108,000 D) $120,000