Business, 23.11.2020 01:00 Luciano4411

Liza's predicts sales of $41,000 for May and $52,000 for June. Assume 60% of Liza's sales are for cash. The remaining 40% are credit sales; credit customers pay in the month following the sale.
Compute the budgeted cash receipts for June.
LIZA'S
Budgeted Cash Receipts
For Month Ended June 30
Budgeted sales
Less ending accounts receivable
Cash sales
Collections of last month's receivables
Total budgeted cash receipts

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Liza's predicts sales of $41,000 for May and $52,000 for June. Assume 60% of Liza's sales are for ca...