Question
A company has the following budgeted sales: July $200,000 August $300,000 September $250,000 20% of the sales are for cash, and 80% are on credit.
A company has the following budgeted sales:
| July | $200,000 |
| August | $300,000 |
| September | $250,000 |
20% of the sales are for cash, and 80% are on credit. 25% of the credit sales are collected in the month of sale, and 75% are collected the next month. What are the total expected cash receipts during September?
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Management Systems Auditing A Practitioners Guide To Quality And Management Systems Audit
Authors: Dr Warren Doudle
1st Edition
B0C6W3G4W4, 979-8397130271
