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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

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 preparing estimated cash collections:

August sales (actual) $ 44,000
September sales (actual) $ 54,000
October sales (estimated) $ 24,000
November sales (estimated) $ 74,000
December sales (estimated)

$ 64,000

Approximately 65% of all sales are collected in the month of the sale, 20% is collected in the following month, and 15% is collected in the month thereafter.

15.) Budgeted collections from customers in October total:

$33,000.

$41,400.

$26,400.

$122,000.

16.) Budgeted collections from customers in November total:

$62,500.

$52,900.

$152,000.

$61,000.

17.) Budgeted collections from customers in December total:

$57,500.

$60,000.

$162,000.

$56,400.

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