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Oriole needs to calculate the company's expected cash receipts for the upcoming month to determine whether additional financing is needed. Typically, the compary's sales consist

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Oriole needs to calculate the company's expected cash receipts for the upcoming month to determine whether additional financing is needed. Typically, the compary's sales consist of 40% cash sales and 60% credit sales. Of the credit sales, 55% are collected in the same month, and 42% are collected in the following month. The remainder is generally uncollected. Total budgeted sales in June are $130,000 and in July are $173,000. What amount of total cash receipts would Oriole expect to collect in July? Total cashreceipts $ eTextbook and Media

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