Waterway Industries has the following budgeted sales: July $250000, August $300000, and September $250000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during September are $262500. $265000. $250000. $280000.

Waterway Industries has the following budgeted sales: July $250000, August $300000, and September $250000.40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during September are $262500. $265000. $250000. $280000