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Gardner Company expects sales for October of $253,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects

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Gardner Company expects sales for October of $253,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $70,500. What is the amount of cash expected to be collected in October? Multiple Choice $125,500 $184,350 $183,425 G $113,850 $253.925

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