Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of b

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Dove Corporation Began Its Operations On September 1 Of The Current Year Budgeted Sales For The First Three Months Of B 1 (9.82 KiB) Viewed 12 times

Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $238,000, $307,000, and $401,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections expected in October are a. 5291,475 b. $219,520 Ce $267,120 d. $280,920