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Junior Snacks reports the following information from its sales budget: Expected Sales: October $144,000 November 152,000 December 188,000 All sales are on credit and are

Junior Snacks reports the following information from its sales budget:

Expected Sales: October $144,000
November 152,000
December 188,000

All sales are on credit and are expected to be collected 45% in the month of sale and 55% in the month following sale. The total amount of cash expected to be received from customers in November is:

$147,600.

$79,200.

$152,000.

$231,200.

$68,400.

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