Zale,Inchas Provided the Following Extracts from Their Budget for the First

question 87

Multiple Choice

Zale,Inc.has provided the following extracts from their budget for the first quarter of the forthcoming year: $$\begin{array} { | l | c | c | c | } \hline & \text { Jan } & \text { Feb } & \text { March } \\\hline \text { Sales (20\% cash) } & \$ 400,000 & \$ 600,000 & \$ 800,000 \\\hline\end{array}$$ The company collects 70% of credit sales in the same month and the balance in the next month.Calculate the collections from the customers for the month of February.

• A) $456,000
• B) $432,000
• C) $552,000
• D) $600,000