Seventy Percent of Parlee Corporation's Sales Are Collected in the Month

Multiple Choice

Seventy percent of Parlee Corporation's sales are collected in the month of sale,25% in the month following sale,and 5% in the second month following sale.The following are budgeted sales data for the company: Total budgeted cash collections in April would be:

A) $35,000
B) $125,000
C) $210,000
D) $370,000