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ABC Company estimated the following sales for the first quarter of 2016: January: 1,000 units,...

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Accounting

ABC Company estimated the following sales for the first quarter of 2016: January: 1,000 units, February: 1,500 units, March: 1,800 units. The sales price is budgeted at $5 per unit. All sales on credit, with 40% of the sale collected in the same month and 60% collected the following month. The sales budget for the first quarter is:

A. $5,000

B. $7,500

C. $9,000

D. $21,500

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