1.66 pts Manu has forecast sales to be $32,600 in February, $46,800 in March, $91,400 in April, and $117,400 in May. The average cost of goods sold is 70% of sales. 20% of sales are on made on credit, the rest are for cash. The sales on credit are collected 70% in the month of sale, and 30% the month following. What are budgeted cash receipts on credit sales in May that were collected in May?

Manu has forecast sales to be $32,600 in February, $46,800 in March, $91,400 in April, and $117,400 in May. The average cost of goods sold is 70% of sales. 20% of sales are on made on credit, the rest are for cash. The sales on credit are collected 70% in the month of sale, and 30% the month following. What are budgeted cash receipts on credit sales in May that were collected in May