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The lullaby corporation has obtained the following sales forecast data: July August September October Cash sales: $80,000 $70,000 $50,000 $60,000 Credit Sales: $240,000 $220,000 $180,000

The lullaby corporation has obtained the following sales forecast data:

July August September October

Cash sales: $80,000 $70,000 $50,000 $60,000

Credit Sales: $240,000 $220,000 $180,000 $200,000

The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. The Budgeted cash receipts s for October would be:

A) $188,000

B) $226,000

C) $248,000

D) $278,000

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