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Required information The following information applies to the questions displayed below On October 1 of the current year, Molloy Corporation prepared a cash budget for

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Required information The following information applies to the questions displayed below 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) September sales (actual) October sales (estimated) November sales (estimated) December sales (estimated) 34,000 $44,000 $25,000 $ 64,000 54,000 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. udgeted collections from customers in October total: Multiple Choice $30150. $103,000. $38.900 $25,050

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