Memphis Company Anticipates Total Sales for April,May,and June of $800,000,$900,000,and

Multiple Choice

Memphis Company anticipates total sales for April,May,and June of $800,000,$900,000,and $950,000 respectively.Cash sales are normally 25% of total sales.Of the credit sales,30% are collected in the same month as the sale,65% are collected during the first month after the sale,and the remaining 5% are not collected.
-Compute the amount of cash received from credit sales during the month of May.

A) $561,500.
B) $652,500.
C) $817,500.
D) $592,500.
E) $890,000.