On October $1$ of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's sales are made on account. The following information was used in preparin

estimated cash collections:

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 of receivables in October total:

Multiple Choice

$$31,250.$

$$125,000.$

$$41,000.$

$$33,500.$