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Freemore Company has the following sales budget for the last six months of 2018: July $206,000 October $181,000 August 168,000 November 203,000 September 209,000 December

Freemore Company has the following sales budget for the last six months of 2018:

July $206,000 October $181,000

August 168,000 November 203,000

September 209,000 December 185,000

Sales are immediately due, however the cash collection of sales, historically, has been as follows:

55% of sales collected in the month of sale,

35% of sales collected in the month following the sale,

7% of sales collected in the second month following the sale, and

3% of sales are uncollectible.

Cash collections for September are ________.

A.

$173,750

B.

$188,170

C.

$199,930

D.

$126,710

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