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The accountant of the Anderson Company has developed the following collection patter of all sales are on credit 70% of the company's sales are to

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The accountant of the Anderson Company has developed the following collection patter of all sales are on credit 70% of the company's sales are to be collected in the same month as the sale, 20% to be collected in the next month and 10% in the month after that the budgeted sales for the company are July $200,000 August $300,000, September $350,000, and October $250,000 The budgeted cash collections for October are going to be Multiple Choice 5175 000 $275.000 ST0000 530000

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