Baltimore Baking is preparing its cash budget and expects to have sales of $30,000 in January, $35,000 in February, and $35,000 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March?
A. $24,057
B. $26,730
C. $29,700
D. $33,000
E. $36,300
Answer: D
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Fill in the blanks with correct word
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