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Concord Corporation reported the following information for 2022: October November December Budgeted sales $1240000 $1250000 $1430000 All sales are on credit. Accounts receivable are collected

Concord Corporation reported the following information for 2022: October November December Budgeted sales $1240000 $1250000 $1430000 All sales are on credit. Accounts receivable are collected 50% in the month of sale and 50% in the following month. What are budgeted cash receipts for November? $1250000 O $625000 O $1340000 O $1245000

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