Sen runs a wholesale business and is preparing his cash-flow forecast for April 20X1. Sens budgeted total sales for the first four months of 20X1 are as follows:

January 20X1 71 000
February 20X1 72 500
March 20X1 68 000
April 20X1 70 000

Sen estimates that 90% of his sales made on credit. In respect of credit sales made in any given month, he expects 80% to be paid for in the next following month and 20% in the month after that.

How much should Sen include in his cash flow forecast for sales receipts in the month of April?

Select one:

a.

69,010

b.

61,400

c.

75,900

d.

None of these