Business, 22.04.2020 03:48 daniella1304

Foray Company finds that typically 40% of a month's sales are for cash. Cash collected on accounts receivable are 70% in the month of sale and 30% in the month following sale. Budgeted sales for June are $120,000, for July $160,000, and for August $140,000. What are the total cash receipts budgeted for July?

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Foray Company finds that typically 40% of a month's sales are for cash. Cash collected on accounts r...