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【单选题】
BDL plc is currently preparing its cash budget for the year to 31 March 20X8. An extract from its sales budget for the same year shows the following sales values. $ March 60,000 April 70,000 May 55,000 June 65,000 40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in the month after sale and take a 2% discount; 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts.What is the value of sales receipts to be shown in the cash budget for May 20X7?
A.
$60,532
B.
$61,120
C.
$66,532
D.
$86,620
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