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Feeney Furniture prepared the following sales budget: Month March April May Tunt Cash Sales $20,000 $36,000 $42.000 $54,000 Credit Sales $10,000 $16,000 $40,000 $40,000 Credit

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Feeney Furniture prepared the following sales budget: Month March April May Tunt Cash Sales $20,000 $36,000 $42.000 $54,000 Credit Sales $10,000 $16,000 $40,000 $40,000 Credit collections are 15% two months following the sale, 50% in the month following the sale and 30% in the month of sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in May at Feeney Furniture? Select one: a. $21.500 b. 563,500 c. $65.900 d. 575.600 IR o e

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