A Company's Past Experience Indicates That 60% of Its Credit

Multiple Choice

A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were: The cash inflow in the month of March is expected to be

A) $203,400.
B) $153,900.
C) $162,000.
D) $194,400.