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How much cash did Galway Ltd budget to receive

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Question - Galway Ltd budgeted to make sales of $1,500, $1,800 and $2,800 in its first three months of operation.

25% of its sales are expected to be for cash and another 25% of total sales will also be collected in the same month by offering a 10% discount; 40% will be collected in the following month, and the remainder the month after that.

How much cash did Galway Ltd budget to receive in its third month of operation?

A. $1,800

B. $2,200

C. $2,270

D. $2,800

Reference no: EM132539214

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