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Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000 Sales on Account $50000 $57,812 $65000

Crane Company has the following sales data:

August

September

October

November

December

Cash Sales

$4000

$5000

$6000

$7000

$16000

Sales on Account

$50000

$57,812

$65000

$74,923

$100000

Crane Company's credit customers have the following payment history:

40% in month of sale
58% in month following sale
the rest are never collected

What are budgeted cash receipts for September?

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