Frank's sporting goods projects sales for the second quarter of 2020 to be as follows:

April $250,000 May $300,000 June $380,000

All of Frank's sales are on credit, 45% of credit sales are collected one month following the sale and the rest are collected two months following the sale.

January sales were $150,000, February sales were $180,000, and March sales were $280,000.

Question: If you prepare a monthly schedule of cash receipts for the second quarter of 2020, what would be the total cash collection for the month of June only?

A. $272,500

B. $163,500

C. $225,000

D. $266,500

What was the Consumer Price Index for the month of May, 2020?

A. It decreased by 1.0%

B. It increased by 1.0%

C. It increased by 0.1%

D. It decreased by 0.1%