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Dove Corporation began its operations on September 1 st of the current year. Budgeted sales on account for the first three months of business are

image text in transcribed Dove Corporation began its operations on September 1 st of the current year. Budgeted sales on account for the first three months of business are $250,000, $320,000, and $410,000, respectively, for September, October, and November. Of sales on account, 70% are expected to be collected in the month of the sale, 30% in the month following the sale. The cash collections budgeted for October are: A. $320,000 B. $224,000 C. $299,000 D. $96,000

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