The Beef Bounty Ranch accountant has also looked at past months and has determined that: 40% of sales of cattle are collected in the month of the sale 45% of sales of cattle are collected in month following the sale 15% of sales of cattle are collected in the second month following the sale cattle. Using this information, calculate the Beef Bounty Ranch's budgeted cash collections from cattle sales for July. Multiple Choice $194,000 $85,000 $224,000 $149,250