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Lara Company's budget includes the following credit sales for the current year: September, $37,000; October, $48,000; November, $42,000; December, $44,000. Experience has shown that payment

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Lara Company's budget includes the following credit sales for the current year: September, $37,000; October, $48,000; November, $42,000; December, $44,000. 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 Lara Company expect to collect in November as a result of current and past credit sales? Multiple Choice $42,000. O O $39,900. O $31,100. O $42,500. $45,300

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