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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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