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2 Not yet answered Marked out of 3.13 Flag question Time left 0:53:19 Ali Corporation budgeted sales on account of $100,000 for July, $200,000 for

image text in transcribed 2 Not yet answered Marked out of 3.13 Flag question Time left 0:53:19 Ali Corporation budgeted sales on account of $100,000 for July, $200,000 for August, and $150,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 70% will be collected the month after the sale, 26% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be

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