Question: > I '-. UJ m... I +1-1- Question 2 of'13 View Policies Current Attempt in Progress Kinghird needs to calculate the company's expected cash receipts

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I "'-. UJ m... I\" +1-1- Question 2 of'13 View Policies Current Attempt in Progress Kinghird needs to calculate the company's expected cash receipts for the upcoming month to determine whether additional nancing is needed. Typically: the companyrs sales consist of 40% cash sales and 60% credit sales. Of the credit sales. 55% are collected in the same month: and 42% are collected in the following month. The remainder is generally uncollected. Total budgeted sales in June are $136,000 and in July are $186,000. What amount of total cash receipts would Kingbird expect to collect in July? Total cash receipts $

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