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I need help with a calculation. I am not able to understand how to solve this question:
Qs) Galway ltd budgeted to make sales of $1500, $1800 and $2800 in it’s first three months of operation.
25% of it’s 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 reminder the month after that.
How much cash did Galway Ltd budget to receive in it’s third month of operation.
A) 1800
B) 2200
C) 2270
D) 2800
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