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Meredith Company has budgeted sales for the upcoming months as follows: April $ 455,000 May $ 468,000 June $ 490,000 July $ 523,000 August $

Meredith Company has budgeted sales for the upcoming months as follows:

April $ 455,000
May $ 468,000
June $ 490,000
July $ 523,000
August $ 505,000
September $ 483,000

40% of the sales are credit sales, the remainder are made in cash. Credit sales are collected 50% in the month of sale, 35% in the month following the sale, and 8% in the second month following the sale.

a) Compute Meredith Company's cash receipts for June. ( Do not round intermediate calculations)

b)Compute Meredith Company's cash receipts for July. ( Do not round intermediate calculations)

c)Compute Meredith Company's cash receipts for August. (Do not round intermediate calculations)

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