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Compute the total expected cash receipts during September

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Reference no: EM132472187

Question - Mapleview Inc. has the following budgeted sales: July $200,000, August $300,000, and September $250,000. 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. Compute the total expected cash receipts during September?

a. $280,000

b. $265,000

c. $262,500

d. $250,000

Reference no: EM132472187

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