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

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Accounting

Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of businessSeptember, October, and Novemberare $246,000, $302,000, and $424,000, respectively. 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.$278,720

b.$267,520

c.$218,320

d.$289,400

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