Question - Seager Company budgeted the following credit sales during the current year: September, $100,000; October, $120,000; November, $110,000; December, $111,000. Experience has shown that cash from credit sales is received as follows: 10% in the month of sale, 60% in the first month after sale, 25% in the second month after sale, and 5% is uncollectible. How much cash should Seager Co. expect to collect in November from all current and past credit sales?