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The following details have been extracted from the receivable collection records of Beta Limited: Invoices paid in the month after sale 50% Invoices paid in

The following details have been extracted from the receivable collection records of Beta Limited:

Invoices paid in the month after sale 50%

Invoices paid in the second month after sale 30%

Invoices paid in the third month after sale 15%

Irrecoverable debts 5%

Invoices are issued on the last day of each month.

Customers paying in the month after sale are entitled to deduct a 3% settlement discount. Credit sales values for July to October are budgeted as follows:

July August September October

80,000 60,000 100,000 70,000

The amount budgeted to be received in October from credit customers is:

A.72,950

B.75,000

C.76,500

D.78,500

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