A Company's Past Experience Indicates That 70% of Its Credit $$\begin{array} { l l } \text { January } & \$ 100,000 \\\text { February } & 90,000 \\\text { March } & 110,000\end{array}$$

Multiple Choice

A company's past experience indicates that 70% of its credit sales are collected in the month of sale and 28% in the next month.The remainder is never collected.The company's budgeted credit sales totalled: $$\begin{array} { l l } \text { January } & \$ 100,000 \\\text { February } & 90,000 \\\text { March } & 110,000\end{array}$$ How much are expected cash receipts for February?

A) $102,200
B) $88,200
C) $93,800
D) $91,000