17.9 Reinhart has his own wholesale business selling goods to retailers. His sales are made entirely on credit. In respect of the sales in any given month he expects 75% to be paid for in the next following month, and 25% in the month after that. (So, for example, sales made on credit in March would be paid for in April as to 75% and May as to 25%.)

Budget data relating to four months of Reinhart's sales are as follows:

£

November 20X4 25 000 December 20X4 26 800 January 20X5 21 000 February 20X5 21 300 Reinhart is preparing his cash flow forecast for the month of February 20X5. How much should he include as sales receipts?

a) £21 000

b) £21 250

c) £22 450

d) £21 225.