A firm has projected sales in May, June, and July of

$100,$200

, and

$300

, respectively. The firm makes 20 percent of sales for cash and co the balance one month following the sale. The firm's total cash receipts in July is\

$200\ $140\ $180\ $220

A firm has projected sales in May, June, and July of $100,$200, and $300, respectively. The firm makes 20 percent of sales for cash and the balance one month following the sale. The firm's total cash receipts in July is $200 $140 $180 $220