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Question(s) / Instruction(s):

Fasthound Express prepared the following sales budget

Month  Cash Sales           Credit sales

March   $10,000 $20,000

April       $20,000 $30,000

May       $30,000 $40,000

June      $40,000 $50,000

Credit collections are 50% in the month of sale, 40% in the month following the sale, and 5% two months following the sale. The remaining 5% is expected to be uncollectible.

What is the total cash received in April from April sales?

A             $23,000

B             $35,000

C             $43,000

D             $50,000

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