Managerial Accounting

Sessional Company finds that typically 30% of a month's sales are paid in cash. Payments on accounts receivable are 60% in the month of sale and 38% in the month following sale. Budgeted sales for June are $100,000, for July are $140,000, and for August are $120,000. What are the total cash receipts budgeted for July? $85,400 $127,400 $122,000 O $140,000