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Business, 16.04.2020 23:01 MyaMya12

Foray Company finds that typically 40% of a month's sales are for cash. Payments on accounts receivable are 70% in the month of sale and 28% in the month following the sale. Budgeted sales for June are $120,000, for July are $160,000, and for August are $140,000. What are the total cash receipts budgeted for July?

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