Answer:
The correct answer is C.
Explanation:
Giving the following information:
Budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 30% in the month following the sale.
Cash collection:
Cash= 320,000*0,25= 80,000
Account= (320,000*0.75)*0.7= 168,000
From September= (250,000*0.75)*0.3= 56,250
Total= $304,250
