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Firm expected cash receipts for the months of august

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A firm reported actual sales of 65,000 in the month of June and 70,000 in July. The sales forecast s indicate that sales are expected to be 85,000, 92,000 and 95,750 for the month of August, September and October, respectively. Sales are 60% cash and 40% credit, and credit sales are collected evenly over the following 2 months. No other cash receipts were received. What are the firm's expected cash receipts for the months of August, September and October?

Reference no: EM132890315

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