Sugar Pine Inc $\begin{array}{ll}\text { January } & \$ 250,000 \\\text { February } & \$ 325,000 \\\text { March } & \$ 387,500\end{array}$

question 40

Multiple Choice

Sugar Pine Inc.collects 30% of its sales in the month of sale and the other 70% in the following month.The following shows budgeted sales for January through March.
$\begin{array}{ll}\text { January } & \$ 250,000 \\\text { February } & \$ 325,000 \\\text { March } & \$ 387,500\end{array}$
What is the amount of cash receipts budgeted for February?

• A)$97,500
• B)$271,250
• C)$272,500
• D)$302,500
• E)None of the answer choices is correct.

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