Bush Company Expects May Sales to Be $20,000

Multiple Choice

Bush Company expects May sales to be $20,000.Approximately 40% of sales are cash sales.Collection of credit sales are 50% in the month of sale,40% in the month following sale and 5% two months following sale.The remaining 5% is uncollectible.________ is the expected cash collection in May from May sales.

A) $4,000
B) $6,000
C) $8,000
D) $14,000