TB MC Qu. 07-116 (Algo) Ruiz Company's budget includes the following... Ruiz Company's budget includes the following credit sales for the current year: September, $153,000; October, $144,000; November, $128,000; December, $165,000. Credit sales are collected as follows: 15% in the month of sale, 50% in the first month after sale, and 35% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales? Multiple Choice $24,750 $114,400 $88,750 $165,000 $139,150