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House of the Dragon sells blonde hair dye. Projected sales are $890,000 in October, $950,000 in November, $1,025,000 in December, and $920,000 in January. 75%
House of the Dragon sells blonde hair dye. Projected sales are $890,000 in October, $950,000 in November, $1,025,000 in December, and $920,000 in January. 75% of House of the Dragons sales are on credit. House of the Dragons collection history indicates that credit sales are collected as follows:
25% in the month of sale
65% in the month after sale
8% two months after sale
2% never collected
What are House of the Dragons cash collections for January? Round to the nearest dollar.
A.$959,188
B.$1,202,250
C.$964,963
D.$1,596,200
E.$729,188
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