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Compute the total amount of cash expected to be received

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Problem - Julia's Candy Co. reports the following information from its sales account and sales budget:

SALES: May.......... $105,000

June......... 93,000

Expected Sales: July....... $90,000

August...... 110,000

September... 120,000

Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:

A. $30,000.

B. $82,500.

C. $112,500.

D. $120,000.

E. $202,500.

Reference no: EM131795967

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