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Star Company was organized on August 1 of the current year. Projected sales for the next three months are as follows: August $250,000 September 200,000

Star Company was organized on August 1 of the current year. Projected sales for the next three months are as follows:

August

$250,000

September

200,000

October

275,000

The company expects to sell 50% of its merchandise for cash.

Of the sales on credit, 30% are expected to be collected in the month of the sale and the remainder in the following month.

What is Star Company expected cash collection for September?

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