Question 12 View Policies Current Attempt in Progress Drew Enterprises reports all its sales on credit, and pays operating costs in the month incurred. Estimated amounts for the months of June through October are: June July August September October Budgeted sales $310,000 $330.000 $300,000 $280,000 $260.000 Budgeted purchases $144,000 $120,000 $128,000 $132,000 $90,000 Customer amounts on account are collected 60% in the month of sale and to in the following month . Cost of goods sold is 45% of sales. Drew purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month How much cash is budgeted to be received during August $100.000 $318.000 $291.000 $312,000 Attempts of MacBook Air A S 4 % 5 8 7 * 8 2 3 6 9 0 Q W E R T Y U O P A S D G H lock A N V . N M 90 all 28 ontrol option command commor