Question
LCS bills businesses that use their offices/rooms. The table below is the operating budget for LCS. Business A pays 50% of the amount billed the
LCS bills businesses that use their offices/rooms. The table below is the operating budget for LCS. Business A pays 50% of the amount billed the month after receiving the bill and pays the remainder two months after receiving the bill. Business B pays 50% the month it is billed, 50% one month after receiving a bill. Prepare a cash collections budget for LCS for the month of June. Attach an Excel Spreadsheet showing your analysis.
LCS Operating Budget | April | May | June |
Families | $125 | $150 | $175 |
Business A | $170 | $100 | $175 |
Business B | $100 | $100 | $180 |
Total offices Revenue | $395 | $350 | $530 |
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