Acme Company operates a wholesaling business. Acme's budgeted monthly sales are as follows: May $340,000, June $320,000, and July $310,000. Acme collects 80% in the month of the sale and 20% in the month following the sale. Cost of goods sold is budgeted at 75% of sales and ending inventory is budgeted at 60% of the next month's cost of goods sold. All inventory purchases are paid 100% in the month following the month of purchase. All selling and administrative (S&A) expenses are paid in cash in the month incurred, except for depreciation. Total monthly S&A expenses are budgeted at $32,000, which includes depreciation expense of $8.000. What is the budgeted net cash inflow for the month of June? O $46.000 O $54,000 O $64,500 O $78,000 O None of the above

Acme Company operates a wholesaling business. Acme's budgeted monthly sales are as followr: May $340,000, June $320,000, and July $310,000. Acme colfects 80% in the month of the sale and 20% in the month following the sale. Cost of goods sold is budgeted at 75% of sales and ending inventory is budgeted at 60% of the next month's cost of goods sold. All inventory purchases are paid 100% in the month following the month of purchase. All selling and administrative (S\&A) expenses are paid in cash in the month incurred, except for depreciation. Total monthly SEA expenses are budgeted at $32,000, which includes depreclation expense of $8.000. What is the budgeted net cash inflow for the month of June? $46,000 $54,000 $64,500 $78,000 None of the above