Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions
Ness Company's sales were budgeted for the first six months of its fiscal year as follows:
Sales are 40% cash and 60% credit. Management estimates that two-thirds of credit sales will be collected in the month of sale with the balance collected the following month.
-Cash collections during March are estimated at:

A) $608,000
B) $524,260
C) $550,000
D) $692,000