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Diaz Co . budgeted sales of $ 8 0 , 0 0 0 for January and $ 9 0 , 0 0 0 for February.

Diaz Co. budgeted sales of $80,000 for January and $90,000 for February. Seventy percent (70%) of sales are for cash and the remaining 30% are credit sales. All credit sales are collected in the month-after the sale. For the month of February, what are the expected cash receipts for the Diaz cash budget?
a. $90,000
b. $87,000
c. $63,000
d. $27,000
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