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TacoCat Company's sales are typically 70% on credit and 30% cash. From experience, 60% of credit sales are collected in the month of sale, 25%
TacoCat Company's sales are typically 70% on credit and 30% cash. From experience, 60% of credit sales are collected in the month of sale, 25% in the month following the sale, and 12% in the second month following the sale. The remaining amount is uncollectible. The following are the budgeted sales for TacoCat: June July August $60,000 $70,000 $70,000 $50,000 September $30,000 Sales Revenue Given this information, calculate the total cash receipts in September. Select one: O a $41,050 O b. $27,230 Oc $47,900. O d. $38,900 Oe. $36,230
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