McFarland Company makes 70 percent of its sales in cash. Credit sales are collected as follows: 70 percent in the month of sale and 30 percent in the month following the sale. McFarland's budgeted sales for upcoming months follow: $ 23,600 36,000 34,000 32,000 June July August September Required: Compute McFarland's expected cash receipts for August. Budgeted Cash Receipts

McFarland Company makes 70 percent of its sales in cash. Credit sales are collected as follows: 70 percent in the month of sale and 30 percent in the month following the sale. McFarland's budgeted sales for upcoming months follow: Required: Compute MCFarland's expected cash receipts for August