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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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