Stanbrough company has the following budgeted sales july, Ask an Expert

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Stanbrough Company has the following budgeted sales: July $100,000, August $150,000, and September $125,000. 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. what are the total expected cash receipts during September ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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