Please explain

C A @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmidd New Tab G Google a look at a awesomoda Fountain Mac... My Inbox Helper / MSN | Outlook, Offi.. I Suggested Sites Week 5: Quiz i Saved b Assume the following budgeted information for a merchandising company. 10 Budgeted sales (all on credit) for November, December, and January are $253,000, $223,000, and $214,000, respectively Cash collections of credit sales are expected to be 75% in the month of sale and 25% in the month following the sale. The cost of goods sold is always 70% of sales. 4 Each month's ending inventory equals 20% of next month's cost of goods sold. A points 30% of each month's merchandise purchases are paid in the current month and the remainder is paid in the following month. X 03.50:56 Monthly selling and administrative expenses that are paid in cash in the month incurred total $27,500 Monthly depreciation expense is $27,000. The expected cash collections from customers in December are: Multiple Choice $250,250 O $230,500 $235,280. O $220,750