Thornton, Inc. has budgeted sales for the months of September and October at $303,000 and $262,000, 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. Calculate cash collections for the month of October. A. $235,800 B. $298,900 C. $272,700 D. $266,100 Rellector Glass Company prepared the following static budget for the year: If a flexible budget is prepared at a volume of 9,700 units, calculate the amount of operating income. The production level is within the relevant range. A. $23,500 B. $4,000 C. $49.350 D. $14,550