Blooming Products Inc

Multiple Choice

Blooming Products Inc. sells flower bulbs to local nurseries. Each bag of bulbs sells for $2. The company's accountant has prepared the following sales forecast (in bags) for the fourth quarter of 2013: Historically, the cash collection of sales has been as follows: 50 percent in the month of sale, 40 percent in the month following sale, and 10 percent in the second month following sale.
Cash receipts for December are expected to be:

A) $13,800
B) $ 8,000
C) $16,200
D) $ 8,100