Regal Company finds that typically 30% of sales are for cash. Payments on accounts receivable are 60% in the month of sale and 38% in the following month. Total budgeted sales are:

June	$110,000
July	$150,000
August	$130,000

How much total cash is expected to be received in July?

Question 6 options:

	$139,400
	$137,260
	$147,820
	$152,000