Mapleview Inc.has the following budgeted sales:
July $200,000
August $300,000
Sept $250,000
40% of the sales are for cash. 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% for the next month. The total expected cash receipts during September are
A) $265,000 B) $262,500 C) $250,000 D) $280,000