How much are oreilly company budgeted cash receipts

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Reference no: EM132750298

O'Reilly Company's projected sales are as follows:

August $470,000
September $540,000
October $660,000

O'Reilly estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 20% in the second month following the sale.

Instructions:

Problem 1: How much are O'Reilly Company's budgeted cash receipts for October?

Reference no: EM132750298

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