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The Gardner Company expects sales for October of $242,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company

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The Gardner Company expects sales for October of $242,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $65,000 What is the amount of cash expected to be collected in October? Multiple Choice o O st21 . o O S173,900. o O sr75, 450, o . o 5240, 450

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