Resonance Manufacturing 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?

Select one:

a. $286,500

b. $320,000

c. $192,000

d. $94,500

Resonance Manufacturing 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? Select one: a. $286,500 b. $320,000 c. $192,000 d. $94,500