A company's sales are typically 70% on credit and 30% cash. From experience, 60% of sales are collected in the month of sale, 25% in the month following the sale, and 12% in the second month following the sale. The remaining amount is uncollectible. The following are the budgeted sales for the company:

Total Sales Revenue

June

$30,000 $

July 50,000

Given this information, calculate total cash receipts in September

September $70,000 $60,000

August

When entering the value, enter the $ sign and the comma. For example, enter: $50,000