Total expected cash receipts during september

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Reference no: EM13755194

Mapleview Inc.has the following budgeted sales:

July $200,000

August $300,000

Sept $250,000

40% of the sales are for cash. 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% for the next month. The total expected cash receipts during September are

A) $265,000 B) $262,500 C) $250,000 D) $280,000

Reference no: EM13755194

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