A store has the following budgeted sales for the next three months. Cash sales are 25% of total sales and all credit sales are expected to be collected in the month following the sale. The total amount of cash expected to be received from customers in September is a. $240,000. c. $60,000. e. $220,000. b. $225,000. d. $165,000. July August September Budgeted sales . $180,000 $220,000 $240,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A store has the following budgeted sales for the next three
months.
Cash sales are 25% of total sales and all credit sales are expected
to be collected in the month following the sale. The
total amount of cash expected to be received from customers
in September is
a. $240,000. c. $60,000. e. $220,000.
b. $225,000. d. $165,000.
July August September
Budgeted sales . $180,000 $220,000 $240,000

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