Sioux Corporation Is Estimating the Following Sales for the First

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 and 40% in the month following the sale. Based on this information, how much cash should Sioux expect to collect during the month of April?

A) $370,000
B) $222,000
C) $119,000
D) $358,000