Question: Question 10 (2.5 points) Listen Gastone Inc. has estimated the following forecasted sales for a 3-month period: Month Estimated sales $ August 33,000 September

Question 10 (2.5 points) Listen Gastone Inc. has estimated the following forecasted

Question 10 (2.5 points) Listen Gastone Inc. has estimated the following forecasted sales for a 3-month period: Month Estimated sales $ August 33,000 September 29,000 October 30,000 On average, 60% of sales are collected in the month of sale, 39% in the following month, and the remaining 1% is never collected. Determine the budgeted cash receipts for October? $30,270 $29,000 $31,110 $29,310

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