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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

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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 fotrowng information was used in preparing estimated casti colicctions: Approximately 65% of all sales are collected in the month of the sale. 20% is colfected in the following month, and 15% is collected in the month thereatter. Eudgeled cotfectoris from custoines in October totat: Multiple Choice $103,000. $38,900. $25,050. $30,150

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