Kam Department Store Reported the Following Information for 2016 $\quad \quad \quad \quad \quad \quad \quad \quad \text { October } \quad \text { November } \quad \quad \text { December }$

Multiple Choice

Kam Department Store reported the following information for 2016: $\quad \quad \quad \quad \quad \quad \quad \quad \text { October } \quad \text { November } \quad \quad \text { December }$
$\text { Budgeted sales } \quad \$ 1,240,000 \quad \$ 1,160,000 \quad \$ 1,440,000$ All sales are on credit.
$\bullet$ Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much cash will Kam receive in November?

A) $580000
B) $1300000
C) $1200000
D) $1160000