Astor Manufacturing has the following budgeted sales: January $120000, February $180000, and March $150000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts for March are:
a) $216,000
b) $174,000
c) $150,000
d) $180,000
