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BUGATTI Corporation is a Manufacturing rm. .11 Information pertaining to the company's sales .revenue is presented in the following table August July June (Budget) (Budget) (Actual) $ $100,000 $ 80,000 Cash sales 60,000 360,000 240,000 Credit sales 180,000 $460,000 $320,000 Total sales $240,000 Management estimates that 5% of credit sales are uncollectible. Of the credit sales that are collectible, 60% are collected in the month of sale and the remainder in the month following the .sale Q: BUGATTI Corporation's budgeted total cash * receipts in August are