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Answer (D) is correct . The expected cash collections during any month equal 9% of the sales of two months before, 20% of the sales of one month before, and 70% of the current month’s sales. Month Sales % Expected Collections March $60,000 ??9 $??5,400 April 78,000 20 15,600 May 66,000 70 46,200 May collections $67,200

Answer (A) is incorrect because The expected collections for May sales is $46,200 and should include collections for March and April sales also.
Answer (B) is incorrect because The amount of $61,800 only includes collections for May and April sales.
Answer (C) is incorrect because Expected cash collections during May are calculated by adding 70% of May sales, plus 20% of April sales, plus 9% of March sales.