on October 1st of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy sales are made on account. The following information was used in preparing estimated cash collections:

Aug sales (actual) 50,000 Sep sales (actual) 60,000 Oct sales. (estimated) 30,000 Nov sales (estimated) 80,000 Dec sales (estimated) 70,000

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

budgeted collections from customers in October total

a. 49,500 b. 31,500 c. 140,000 d. 39,000

budgeted collections from customers in Nov total:

a. 170,000 b. 68,500 c. 67,000 d. 58,000

Dec

a. 66,000 b. 61,500 c.180,000 d. 63,500