NARRBEGIN: Silly Sally Silly Sally,Inc

NARRBEGIN: Silly Sally
Silly Sally,Inc.
Silly Sally,Inc.forecasts the following sales levels: January,$420; February,$435; March,$450; and April,$470.Historically,40% of its sales are for cash.Of the remaining sales,80% are collected in one month,15% are collected in the second month,while the rest remain uncollected.November sales were $380 and December sales were $500.(all values $000)
Purchases are made at 60% of the next month's sales forecast,and are paid for in the month of purchase.Other cash outlays are: rent,$10 monthly; wages and salaries,$50 monthly; a tax payment of $30 in March; an interest payment of $15 in March; and a planned purchase of $20 of new fixed assets in January.
-Refer to Silly Sally,Inc.What is the forecasted amount to be collected from cash sales in March?

A) $450
B) $360
C) $261
D) $180