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McEwen Company has budgeted the following credit sales during the last four months of the year: September, $11,000; October, $23,000: November $24,000; December, $36,000. Experience

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McEwen Company has budgeted the following credit sales during the last four months of the year: September, $11,000; October, $23,000: November $24,000; December, $36,000. Experience has shown that payment for the credit sales is received as follows: 30% in the month of sale, 55% in the first month after sale, 10% in the second month after sale, and 5% uncollectible. How much cash can McEwen Company expect to collect in November as a result of credit sales? O A $20,950 OB. $19,850 OC. $13,750 OD. $22,750

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