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The following sales budget has been prepared: Cash Sales Credit Sales Month September October November December $200,000 $400,000 250,000 360,000 260,000 420,000 270,000 380,000

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The following sales budget has been prepared: Cash Sales Credit Sales Month September October November December $200,000 $400,000 250,000 360,000 260,000 420,000 270,000 380,000 Collections are 50 percent in the month of sale, 40 percent in the month following the sale, and 10 percent two months following the sale. No uncollectible accounts are anticipated. What will be the total cash received in September on September sales?

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