Jetgreen cleaners makes 80 of its sales on credit

Reference no: EM13590625

JetGreen Cleaners makes 80% of its sales on credit. Experience shows that 25% of the credit customer pay in the month of sale, 55% within the following month, the rest during the next month. Total sales for May, June, July, and August are estimated at $180,000; $220,000; $280,000; and $200,000, respectively. Determine budgeted cash receipts for July and August.

Reference no: EM13590625

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