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Compute the cash collections in November

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Question - Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $241,000, $300,000, and $402,000, 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 and 30% in the month following the sale.

Compute the cash collections in November?

a. $379,050

b. $100,500

c. $211,050

d. $454,860

Reference no: EM132574352

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