5. Boom Co. is preparing its cash budget and expects to have sales of $60,000 in March, $65,000 in April, and $72,000 in May. If 40% of sales are for cash, 30% are credit sales paid in the month after the sale, and another 30% are credit sales paid 2 months after the sale, what are the expected cash receipts for May? *

4 points

a. $44,000

b. $109,000

c. $66,300

d. $138,300

e. None of the above