Compute Total Sales Budget for July-Sept

Compute Cash Reciepts for July-Sept

Part V. (12 points) Hayes Co's fiscal year ends on June 30. The data below relates to the company's operations: Cash Sales Credit Sales $ 500,000 Actual - May $ 80,000 90,000 600,000 700,000 115,000 Actual - June Projected - July Projected - August Projected - September 400,000 300,000 240,000 600,000 Other Information: Credit sales are collected as follows: 50% during the month of sale, 45% in the next month, and 5% are considered uncollectible and written off at the end of the month after the sale. The cash sales listed above are already net of any discounts