to see more questions that may appear on the test.) Question 8 10 pts Thornton, Inc. has budgeted sales for the months of September and October at $300,000 and $270,000, 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. $297.000 $273.000 0 $270.000 $243.000 Previous Next