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 O $177500. O $150000. O $165000. O $180000.

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 $177500. $150000. $165000. $180000