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Justin Company's budget includes the following credit sales for the current year: September $25,000: October, $36,000; November, $30,000; December, $32,000. Experience has shown that payment

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Justin Company's budget includes the following credit sales for the current year: September $25,000: October, $36,000; November, $30,000; December, $32,000. Experience has shown that payment for the credit sales is received as follows: 15% in the month of sale, 60% in the first month after sale, 20% in the second month after sale, and 5% is uncollectible. How much cash can Justin Company expect to collect in November as a result of current and past credit sales? Multiple Choice $33,900. $31,100 $19,700 $28,500. $30,000

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