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Munson Company reported the following information for 2011: October November December Budgeted sales $930,000 $870,000 $1,080,000 All sales are on credit. Customer amounts on account

Munson Company reported the following information for 2011:

October November December

Budgeted sales $930,000 $870,000 $1,080,000

All sales are on credit.

Customer amounts on account are collected 50% in the month of sale and 50% in the following month.

How much cash will Munson receive in November?

a. $435,000

b. $975,000

c. $900,000

d. $870,000

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