Chapter $9-$Financial Budgeting

Maple Leaf Landscaping provides maintenance services and has budgeted service revenue of $$80,000$ for the month of April. Historically, $70\%$ of its services are billed on credit, and the remainder are paid for by cash at the time of service. The company's collection pattern is as follows: $60\%$ of the credit sales are collected in the month of sale, $30\%$ in the month following the sale, and the remaining $10\%$ in the second month following the sale.

Given this information, calculate the total cash receipts Maple Leaf Landscaping expects to receive in April and May.