Kam Department Store Reported the Following Information for 2013 All Sales Are on Credit

Multiple Choice

Kam Department Store reported the following information for 2013: $\begin{array}{llll}&\text { October }&\text {November }&\text {December }\\\text { Budgeted sales } & \$ 1,240,000 & \$1,160,000 & \$ 1,440,000 \\\end{array}$ All sales are on credit.
-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) $580,000
B) $1,300,000
C) $1,200,000
D) $1,160,000