Parlee Company's sales are 30% in cash and 70% on credit. Sixty % of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data:
Total cash receipts in April would be budgeted to be:
A. $38,900
B. $47,900
C. $27,230
D. $36,230