MONROE produces and sells auto parts. Last month (June) sales were 10,000 units @ $25 per unit. Sales are expected to increase by 2% in each of the mext 3 months. May sales were 98,000 units at the same price.

Sales collection policy is:

60% of sales are collected in the same month (cash sales) and the remainig are credit sales

70% of credit sales are collected in the next month and 30% in 2 months.

CALCULATE TOTAL CASH RECEIPTS FROM SALES IN AUGUST

ROUNDED TO ZERO DECIMAL PLACES

DON'T USE COMMA SEPARATORS