Question: Help please Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three month, of business are $238,

Help please

Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three month, of business are $238, 219, $311, 468, and $423, 781, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. What are the cash collections in October? Select the correct answer. $222, 066 $269, 710 $238, 219 $284, 399

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