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Slowinski Company Has the Following Sales Budget Collections of Credit Sales Are 50% in the Month of }&\text

Question 16

Multiple Choice

Slowinski Company has the following sales budget:
 Month  Cash Sales  Credit Sales  September $100,000$300,000 October 125,000180,000 November 130,000210,000 December 135,000190,000\begin{array}{lll}\text { Month }&\text { Cash Sales }&\text { Credit Sales }\\\text { September } & \$ 100,000 & \$ 300,000 \\\text { October } & 125,000 & 180,000 \\\text { November } & 130,000 & 210,000 \\\text { December } & 135,000 & 190,000\end{array}
Collections of credit sales are 50% in the month of sale,40% in the month following sale,and 10% two months following sale.No uncollectible accounts are expected.What are the estimated cash collections in November?


A) $130,000
B) $197,000
C) $327,000
D) $337,000

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