20% of the sales are for cash, and 80% are on credit. 25% of the credit sales are collected in the month of the sale, and 75% are collected the next month. What are the expected cash receipts during September?
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Home » Business » 20% of the sales are for cash, and 80% are on credit. 25% of the credit sales are collected in the month of the sale, and 75% are collected the next month. What are the expected cash receipts during September?