Benton Company's sales budget shows the following expected total sales:MonthSales January$25,000 February$30,000 March$35,000 April$40,000 The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 72% in the month following the sale with the remainder being uncollectible and written off. The total cash receipts during April would be:
A. $28,160.
B. $16,000.
C. $24,640.
D. $36,160.
Answer: D
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