Question: TB MC Qu . 0 7 - 1 2 4 ( Algo ) Gardner Company expects sales... Gardner Company expects sales for October of $

TB MC Qu.07-124(Algo) Gardner Company expects sales...
Gardner Company expects sales for October of $244,000. 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 $66,000. What is the amount of cash expected to be collected in October?
Multiple Choice
$122,000.
$163,600.
$170,800.
TB MC Qu.07-124(Algo) Gardner Company expects sales... Gardner Company expects sales

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