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Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $243,000, $312,000, and $422,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale.

The cash collections in November are

a. $221,550

b. $397,250

c. $476,700

d. $105,500