Mapleview Inc. has the following budgeted sales: July $200000 August $300000 and September $250000. 40% of the sales are for cash and 60% are on credit. For the credit sales 50% are collected in the month of sale and 50% the next month. The total expected cash receipts during September are
A) $280000.
B) $265000.
C) $262500.
D) $250000.

Question

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The Answer of Mapleview Inc. has the following budgeted sales: July $200000 August $300000 and September $250000. 40% of the sales are for cash and 60% are on credit. For the credit sales 50% are collected in the month of sale and 50% the next month. The total expected cash receipts during September are
A) $280000.
B) $265000.
C) $262500.
D) $250000.