Tangerine Company has the following sales budget for the last six months of 2019: July $120,000 August 100,000 September 110,000 October 75,000 November 125,000 December 80,000 Historically, the cash collection of sales has been as follows: 50% of sales collected in month of sale 25% of sales collected in month following sale 8% of sales collected in second month following sale 2% of sales uncollectible What are the expected cash collections of sales in October?
