The Danser Company expects to have sales of $30,000 in January, $33,000 in February, and $38,000 in March. If 20 percent of sales are for cash, 40 percent are credit sales paid in the month following the sale, and 40 percent are credit sales paid 2 months following the sale, the cash receipts from the sales in March are:?
A. $55,000.?
B. ?$47,400.
C. ?$38,000.
D. ?$32,800.
E. ?$30,000.
Answer: D
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