[Solved] Lizar's Predicts sales of $40,000 for May

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Lizar's Predicts sales of $40,000 for May and $52,000 for June. Assume 60% of Liza's sale are for cash. The remaining 40% are credit sales;

Lizar's Predicts sales of $40,000 for May and $52,000 for June. Assume 60% of Liza's sale are for cash. The remaining 40% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipt for June

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