Sioux Corporation is estimating the following sales for the first four months of next year: Sales are normally collected 60% in the month of sale, 35% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Sioux expect to collect during the month of April

$286,500

Explanation:

Given that,

Sales in January = $260,000

Sales in February = $230,000

Sales in March = $270,000

Sales in April = $320,000

60% are collected in the same month as the sale

35% in the month following the sale

5% are not collected.

Therefore, the cash received during the month of April includes the 60% of the sales in the month of April and the 35% of the sales in the month of March.

Hence, the amount of cash collected during the month of April:

= 60% of the sales in the month of April + 35% of the sales in the month of March

= (0.6 × $320,000) + (0.35 × $270,000)

= $192,000 + $94,500

= $286,500

the answer is d

brainliest! ?

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough