Murray electronics sales in May were 2.000 units @ $52 and 2.100 @ $54 in June. Soles projections are as follows: July an increase of 2% from June Sales (the sale price will be the same as June) August 2.200 units 0$54 September an increase of 2% from August Sales (the sale price will be the same as August) INVENTORY POLICY Murray inventory policy is to maintain an ending inventory of 40% of next month sales. October Sales are expected to be 2.250 units. Actual inventory is 820 units. Each unit cost is $30. ACCOUNTS PAYABLE POUCY Murray pays 70% of merchandise purchases in cash and the remaining one month later. Merchandise purchases in June were 2,180 units @$30. CALCULATE PAYMENTS OF MERCHANDISE PURCHASED IN AUGUST PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES DON'T USE COMMA SEPARATORS Murray electronics sales in May were 2.000 units @ $52 and 2.100 @ $54 in June. Sales projections are as follows: July an increase of 2% from June Sales (the sale price will be the same as June) August 2,200 units @$54 September an increase of 2% from August Sales (the sale price will be the same as August) Accounts Receivable Policy 40% of sales are cash sales and the remaining 60% are credit sales. 80% of credit sales are collected in 1 month and the remaining 20% in 2 months CALCULATE TOTAL CASH RECEIPTS FOR SEPTEMBER PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES DON'T USE COMMA SEPARATORS Numeric Response