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Blossom Enterprises reports all its sales on credit, and pays operating costs in the month incurred. Estimated amounts for the months of June through October

image text in transcribed Blossom Enterprises reports all its sales on credit, and pays operating costs in the month incurred. Estimated amounts for the months of June through October are: Customer amounts on account are collected 60% in the month of sale and 40% in the following month. Cost of goods sold is 45% of sales. Blossom purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month. How much cash is budgeted to be received during August? $144000. $254400. $232800. $249600

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