Question: need help with the setup please!! Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales

need help with the setup please!!

need help with the setup please!! Budgeted sales in Acer Corporation over

Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales $120,000 $140,000 $180, 000 $160,000 Thirty percent of the company's sales are for cash and 70% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 20% are collected in the second month following sale. Given these data, cash collections for December should be: Multiple Choice O $118,700 O $161,400 O $141,800 O $100,500

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