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On October 1 of the current year, Malone Corporation prepared a cash budget for Octobes, November, and December. All of Malone's sales are made on

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On October 1 of the current year, Malone Corporation prepared a cash budget for Octobes, November, and December. All of Malone's sales are made on account. The following information was used in preparing ostimoted cash coliections: Approximately 70% of all sales are collected in the month of the sale, 25% is collected in the following month, and 5% is collected in the month thereafter. Budgeted collections from customers in October total: Required information [The following information applies to the questions displayed below] On October 1 of the current year, Molone Corporation prepared a cash budget for October. November, and December. All of Malone's sales are made on account. The following information was used in preparing estimated cosh collections: Approximately 70% of all soles are collected in the month of the sale, 25% is collected in the following month, and 5% is collected in the month thereafter. Budgoted collections from customers in November total

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