16.5 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 75% and May as 25%.) Budget data relating to 4 months of Reinhart’s sales are as follows:
£
November 2012 25 000 December 2012 26 800 January 2013 21 000 February 2013 21 300 Reinhart is preparing his cash flow forecast for the month of February 2013. How much should he include as sales receipts?

a) £21 000

b) £21 250

c) £22 450

d) £21 225.