Decision Point: Determining the Cash Collections Budget Now that you have prepared the sales budget, it's important to estimate the timing of when the cash will be received from the store's sales. 80% of the sales are cash sales, and the remaining 20% of sales are on credit. Of the credit sales, 30% are collected within the same month, and 70% of the credit sales are collected the following month. Sales in September were $36,000. Using the new sales budget, answer the following questions (and round all answers to the nearest dollar): Sales Budget Units Selling price per dress Total sales October 220 $250 $55,000 November 198 $225 $44,550 December 286 $250 $71,500 What is the cash collections budget for the month of October? (rounded to the nearest dollar) Cash collections Cash sales 30% credit collections same month $ 70% credit collections the following month $ Total cash collections $ af alle fubmit October