Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $234,000, $319,000, and $407,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale.

The cash collections expected in October are

a.$299,875

b.$289,240

c.$225,440

d.$272,240

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