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Thomton, Inc. has budgeted sales for the month of September and October at $308,000 and $275,000, respectively Monthly sales are 20% credit and 80% cash.

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Thomton, Inc. has budgeted sales for the month of September and October at $308,000 and $275,000, respectively Monthly sales are 20% credit and 80% cash. Of the credit sales, 50% are collected in the month of sale and 50% are collected in the following month. Calculato cash collections for the month of October O A $304,700 OB. $278.300 C. $247 500 OD. $277,200

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