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2. A firm collects 23% of its sales in the month of sale, 56% in the month following the month of sale, and 19%

2. A firm collects 23% of its sales in the month of sale, 56% in the month following the month of sale, and 19% in the second month following the sale. The remaining 2% of sales are never collected. Sales are July $6,000 August $5,500 September $6,200 October $6,500 What is the amount of the collections in October? a. $5,646 b. $5,776 C. $5,833 d. $6,012 e. $6,132

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