Budgeted Cash Collections In an effort to improve cash collection, Suburban Medical Clinic offers terms of 2/10, n/30, with a 5% discount on patient payments made with cash. Suburban estimates its total billings for the second calendar quarter of the year as follows: April, $400,000; May, $480,000; and June, $580,000. Historically, Suburban has had the following patient collection patterns: Portions of Total Sales In month of sale: Cash at time of sale 25% On account during the discount period 20% On account after the discount period 10% In month following sale: On account after the discount period 25% In second month following sale: On account after discount period 15% Average portion uncollectible 5% 100% What would be Suburbans budgeted total cash collections for June? $ Answer