Marigold Corp. has the following budgeted sales: July $210000, August $260000, and September $210000. 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

Current Attempt in Progress * Your answer is incorrect. Marigold Corp. has the following budgeted sales: July $210000. August $260000, and September $210000.40% 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 $228500 $225000 $210000 $240000