Let’s Assume Maple Ridge Corp has the following sales data forecast for the coming year
Q1 budgeted sales in units 25,000
Q2 budgeted sales in units 75,000
Q3 budgeted sales in units 100,000
Q4 budgeted sales in units 50,000
Selling price per unit is $10.00
Sales collection in current quarter 65%
Sales collection in next quarter 30%
Uncollectible 5%
Last year's outstanding A/R was $225,000
Please calculated what is the annual total Cash Receipts:

A.

$2,225,000

B.

$2,725,000

C.

$2,450,000

D.

$2,500,000