Question: Saved Help Save & EXIT SU The Gardner Company expects sales for October of $243,000. Experience suggests that 40% of sales are for cash and

Saved Help Save & EXIT SU The Gardner Company expects sales for October of $243,000. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $65,500. What is the amount of cash expected to be collected in October? Multiple Choice $162.700 $121.500 $97.200 $235.600 O $170.00

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