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Dove Corporation began its operations on September 1 of the current year, Budgeted sales for...

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Accounting

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Dove Corporation began its operations on September 1 of the current year, Budgeted sales for the first three months of business are $246,000, $311,000, and $411,000, 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. The cash collections expected in October are a $272,560 b. 5296,375 C. $285,560 d. $223,360

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