Camellia,a Merchandising Company,has Provided the Following Extracts from Their Budget

Camellia,a merchandising company,has provided the following extracts from their budget for the first quarter of the forthcoming year:

The company collects 70% of credit sales in the same month and the balance in the next month.Calculate the collections from the customers for the month of February.

A) $465,000
B) $427,500
C) $577,500
D) $600,000