Matterhorn, Inc. had the following sales for the past six months. Matterhorn collects its credit sales 30% in the month of sale, 60% one month after the sale, and 10% two months after the sale.
Cash Sale Credit Sales
January $50,000 $50,000
February $70,000 $110,000
March $55,000 $95,000
April $78,000 $130,000
May $80,000 $ 105,000
June $75,000 $148,000
What are Matterhorn's total cash receipts for the month of March?
A) $99,500
B) $119,000
C) $150,000
D) $154,500