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Sessional Company finds that typically 30 percent of a month's sales are paid in cash. Payments on accounts receivable are 60 percent in the month

Sessional Company finds that typically 30 percent of a month's sales are paid in cash. Payments on accounts receivable are 60 percent in the month of sale and 38 percent in the month following sale. Budgeted sales for June are $100,000, for July are $140,000, and for August are $120,000. What are the total cash receipts budgeted for July and August?

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