Question
Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000 Sales on Account $50000 $55,379 $65000
Crane Company has the following sales data:
| August | September | October | November | December |
Cash Sales | $4000 | $5000 | $6000 | $7000 | $16000 |
Sales on Account | $50000 | $55,379 | $65000 | $72,628 | $100000 |
Crane Company's credit customers have the following payment history:
| 38% in month of sale |
| 56% in month following sale |
| the rest are never collected |
What are budgeted cash receipts for September?
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
