Smith Ltd sells goods to customers on cash and credit terms. If customers purchase goods on credit, they are allowed exactly one month to pay. Smith Ltd budgeted for sales of $5,000 in July with 10% being cash sales: sales of $2, 600 in August, 90% of this amount in cash: and sales of $450, all on credit, in September. How much total cash will Smith budget to receive in August? Select one: a. $5, 450 b. $2, 600 c. $760 d. $6, 840 In which order do the following steps in the retail budget setting process actually occur