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hocolate Co. reports the following information from its sales budget: Expected sales: July $ 89,000 August 109,000 September 119,000 Cash sales are normally 20% of

hocolate Co. reports the following information from its sales budget:

Expected sales: July $ 89,000
August 109,000
September 119,000

Cash sales are normally 20% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:

Multiple Choice

$119,000.

$87,200.

$111,000.

$23,800.

$206,200.

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