A restaurant's operating budget for July indicates that beverage sales revenue is estimated as $125,000. From the restaurant's accounting records and history, it is determined that 80% of sales is credit card sales and 20% is cash sales. Additionally, 92% of the credit card receivables is received in the current month and the remaining 8% is received in the following month. What amount would indicated on the cash budget for August for credit card sales revenue received from July? 

Answer rating: 100% (QA)

To calculate the amount of credit card sales revenue received from July that would be shown on the ... View the full answer