The Valorant corporation has obtained the following sales forecast data:

July August September October

Cash sales: $80,000 $70,000 $50,000 $60,000

Credit Sales: $240,000 $220,000 $180,000 $200,000

The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. The Budgeted cash receipts s for October would be:

Answer rating: 100% (QA)

July credit sales 240000 20 collected in July 02 240000 48000 70 collected in August 07 240... View the full answer