Figure 8-5 the Following Forecasted Sales Pertain to Spyware Corporation

Multiple Choice

Figure 8-5 The following forecasted sales pertain to Spyware Corporation:
Collection pattern:
65 percent in month of sale
35 percent in month following sale
Spyware Corporation has a selling price of $2.50 per unit and expects to maintain ending inventories equal to 25 percent of the next month's sales.
Refer to Figure 8-5. How many dollars are expected to be collected in September?

A) $7,000
B) $40,000
C) $33,000
D) $21,000