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Calculator Shiller Corpor ation has the following sales forecasts for the selected three-month period in 2018 Sales $24,000 16,000 All sales are on account. Seventy

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Calculator Shiller Corpor ation has the following sales forecasts for the selected three-month period in 2018 Sales $24,000 16,000 All sales are on account. Seventy percent of sales are collected in the month of the sale, and the remainder are collected in the Accounts receivable balance (Quly 1, 2018) $20,000 10,000 Cash balance Ouly 1, 2018) Minimum cash balance is $10,000. Cash can be borrowed in $1,000 increments from the local bank (assume no interest charges) How much cash would be collected in September from sales? , $17,000 Ob. $16,00o Oc. $15,400 Od. $20.000 015 PM

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