Use the Following Information to Answer Questions

Multiple Choice

Use the following information to answer questions
Skyline Corporation began operations on January 1, 2010. Skyline's budgeted January 2010, February 2010, and March 2010 sales are $1,000,000, $1,200,000, and $2,000,000 respectively. The company estimates that 75% of its sales will be made on credit. The company also estimates that 50% of Skyline's customers will pay their outstanding balances in the month of the sale, 30% in the first month subsequent to the sale, and 20% in the second month subsequent to the sale
-How much cash should Skyline expect to receive from its customers in March 2010?

A) $1,170,000
B) $1,500,000
C) $1,670,000
D) $1,707,500
E) $1,920,000