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Footscray Company has the following sales budget for the last six months of 2018: July $100 000 October $90 000 August 80 000 November

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Footscray Company has the following sales budget for the last six months of 2018: July $100 000 October $90 000 August 80 000 November 100 000 September 110 000 December 94 000 Historically, the cash collection of sales has been as follows: 65% of sales collected in the month of sale 25% of sales collected in the month following the sale 8% of sales collected in the second month following the sale 2% of sales are uncollectible Cash collections for September are: Select one: a. $102 000. b. $99 500. C. $86 700. d. $71500.

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