Question: 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

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 AUGUST

PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES

DON'T USE COMMA SEPARATORS

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