on octtober 1 of the current year riley the sales manager of osborne corportation prepared a cash budget for oct, nov, dec. All of osbornes sales are made on account. August sales (actual) 40,000, september sales (actual) 50000October (estimated) 20000 Novemember (estimated) 70000 December sales (estimated) 60000

Approx. 60% of all sales are collected in the month of the sale, 30% is collected in the following month and 10% is collected in the month thereafter.

Budgeted collections from customers in october total

a. 39000

b. 27000

c. 31000

d. 110000