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Crane Company has the following budgeted sales: July $100000, August $200000, and September $150000.40% of the sales are for cash and 60% are on credit.

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Crane Company has the following budgeted sales: July $100000, August $200000, and September $150000.40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during September are $180000. $165000. $150000. $177500

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