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ABC makes all sales on account, subject to the following collection pattern: 40% are collected in the month of sale; 55% are collected in
ABC makes all sales on account, subject to the following collection pattern: 40% are collected in the month of sale; 55% are collected in the first month after sale; and 5% are collected in the second month after sale. If sales for June, July, and August were $124,444, $161,617, and $224,482, respectively, what were the firm's budgeted collections for August? Enter your response without a $ sign or comma. Round to the nearest whole number.
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