Matang-Lawins budgeted sales for the coming year are P48,000,000, of which 80% are expected to be credit sales at a terms of n/30.Matang-Lawin estimates that a proposed relaxation of credit standards would increase credit sales by 30 percent and increase the average collection period from 30 days to 45 days.Based on a 360-day year, the proposed relaxation of credit standards would result in an expected increase in the accounts receivablebalance ofc

A. P3,440,000 C. P3,040,000

B. P1,440,000 D. P960,000