Rose Arts expects $45,000 of credit sales in April; $75,000 of credit sales in May; and $90,000 of credit sales in June. Rose Arts traditionally collects 66-2/3% of its sales in the month of the sale and the other 33-1/3% in the month following the sale. How much does Rose Arts expect to collect in May?
a. $60,000
b. $65,000
c. $90,000
d. $85,000
b
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