Apple Corporation has the following budgeted sales for the last half of next year:

The Apple Corporation is in the process of preparing a cash budget and must determine the expected cash collections by month

To this end, the following information has been assembled.

Collections on credit sales:

60% in month of sale

30% in month following sale

10% in second month following sale

A) The total cash receipts during November for Apple Corporation would be:

July..............August..........September.....October.........November.....December......CashSales$120,000$372,000$454,000$376,000$138,000$334,000CreditSales$150,000$170,000$130,000$145,000$200,000$350,000