Semco supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:

Question 2 Hot yet answered Points out of 15.00 P Flag question Semco supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: Sales are budgeted at $330,000 for November, $300,000 for December and $320,000 for January 10% of the month's sales are cash sales. The remainder are credit sales. 60% of credit sales are expected to be received in the month of sales, 39% are expected to be collected in the month following sales. 1% of credit sales are expected to remain uncollectible and will be written off. Calculate the expected cash receipts for December. 7 A- E E