Cal Company has budgeted to sell the following units in the second quarter of the year:

April: 17,000 units

May: 20,000 units

June: 18,000 units

The units sell for $10 each. Half of the sales for for cash and half are on credit.

Credit sales are collected as follows:

70% in the month of sale

30% in the month following the month of sale.

Compute cash receipts for May.

	A.	$200,000
	B.	$170,000
	C.	$95,500
	D.	$195,500
	E.	none of the above