A Company's Past Experience Indicates That 60% of Its Credit $$\begin{array} { l r } \text { July } & \$ 240,000 \\\text { August } & 144,000 \\\text { September } & 360,000\end{array}$$

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: $$\begin{array} { l r } \text { July } & \$ 240,000 \\\text { August } & 144,000 \\\text { September } & 360,000\end{array}$$ The cash inflow in the month of September is expected to be

A) $271,200.
B) $205,200.
C) $216,000.
D) $259,200.