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13) ABC, Inc. has budgeted sales for the months of September and October at $400,000 and $300,000, respectively. Monthly sales are 30% credit and 70%

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13) ABC, Inc. has budgeted sales for the months of September and October at $400,000 and $300,000, respectively. Monthly sales are 30% credit and 70% cash. Of the credit sales, 60% are collected in the month of sale, and 40% are collected in the following month. Calculate cash collections for the month of October. A) $397,000 B) $212,000 C) $283,000 D) $312.000

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