QUESTION 6 Ginobili has forecast sales to be $133,700 in February, S156,400 in March, 5161,000 in April, and $174,000 in May. 45% of sales are on made on credit, the rest are for cash. The sales on credit are collected 30% in the month of sale, and 70% the month following What are the total budgeted cash receipts in April? QUESTION 7 Manny Company expects sales to be $206.700 in the first quarter and 5408,930 in the second quarter. Its variable selling expenses are approximately 19 percent of sales, and fixed administrative costs are $46,370 per quarter. What is Manny's selling and administrative budget for the 2nd quarter