Chocolate Company anticipates total sales for July, August, and September of $90,000, $104,000, and $120,000, respectively. Cash

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Question:

Chocolate Company anticipates total sales for July, August, and September of $90,000, $104,000, and $120,000, respectively. Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the month of sale. The total amount of cash expected to be received from customers in September is:

a. $78,000.

b. $130,500.

c. $156,500.

d. $120,000.

e. $108,000