Homework Answers
The total amount of cash expected to be received in September
25% of the cash sales from September + 75% of the credit sales from august
= [September sales x 25%] + [August sales x 75%]
= [$120,000 x 25%] + [$104,000 x 75%]
= $30,000 + $78,000
= $108,000
“Hence, the total amount of cash expected to be received in September will be $108,000”
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