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E8-17 (Algo) Calculating Cash Receipts [LO 8-4] McFariand Company makes 60 percent of its sties in cash. Credit saies ave colected as follown. 60 percert

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E8-17 (Algo) Calculating Cash Receipts [LO 8-4] McFariand Company makes 60 percent of its sties in cash. Credit saies ave colected as follown. 60 percert in the month of tale and 40 percent in the month following the sale McFariander budgeted sales for upcoming monthe follow: Aequised: Compole McFariand's expected cash receipts lor Aupum

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