The following sales budget has been prepared for Greyhound Express:

Month

January

February

March

April

Cash Sales

$$10,000$

$$20,000$

$$30,000$

$$40,000$

Credit Sales

$$20,000$

$$30,000$

$$40,000$

$$50,000$

Collections are $50\%$ in the month of sale, $40\%$ in the month following sale and $5\%$ two months following the sale. The remaining $5\%$ is expected to be uncollected. The total cash expected to be collected in April is:

Question $23$Answer

a$.$

$$82,500$

b$.$

$$50,000$

c$.$

$$42,500$

d$.$

$$90,000$