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Complete the cash receipts table below: (Round to the nearest dollar.) Cash receipts A firm has actual sales of S60,000 in April and $62,000 in

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Complete the cash receipts table below: (Round to the nearest dollar.)

Cash receipts A firm has actual sales of S60,000 in April and $62,000 in It expects sales of $73,000 in June and S104,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? Complete the cash receipts table below: (Round to the nearest dollar) April 60,000 s May 62,000 s June 73,000 July 104,000 s August 104,000 Sales Cash sales Collections Lag 1 month Lag 2 months Total cash receipts s s

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