19) Lao Xiao Miao Company has the following budgeted sales: July $100,000, August $150,000, and September $125,000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts (CRJ) during September are

A) $140,000

B) $132,500

C) $131,250

D) $125,000

19. Lao Xiao Miao Company has the following budgeted sales: July $100,000, August $150,000, and September $125,000, 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts (CRJ) during September are A) $140,000 B) $132,500. C) $131,250 D) $125,000 Page 4