The Gardner Company expects sales for October of $246,000. Past experience suggests that 55% of sales are for cash and 45% 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 $67,000. What is the amount of cash collected in October?

Help Seven The Gardner Company expects sales for October of $246,000 Expenence suggests that 55% of sales are for cash and 45% 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 $67,000 What is the amount of cash expected to be collected in October Multiple Choice S123000. S202.300. $10,650. S05300 2575