MNA 63130, FALL 2020 QUIZ #2 (Revised) September 9, 2020 STUDENT NAME (please print) Alex Brait Problem #1: Cash Budget (4 points) Total sales for the Midwest Care Clinic were as follows. September $120,000 Total Sales ............ October $100,000 November December $200,000 $200,000 Thirty percent of the company's total sales are for cash and 70% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's cre are collected in the month of sale, 30% are collected in the month following sale, and 20 collected in the second month following sale. Given these data, cash collections for Dec should be