Zimmer Company Reported the Following Information for 2010 $\bullet$ All Sales Are on Credit

Multiple Choice

Zimmer Company reported the following information for 2010:
$\bullet$

All sales are on credit.
$\bullet$ Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
$\bullet$ Cost of goods sold is 35% of sales.
$\bullet$ Zimmer purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month.
$\bullet$ Accounts payable is used only for inventory acquisitions.
How much cash will Zimmer receive during November?

A) $110,000
B) $245,000
C) $225,000
D) $220,000