Rosies Roses presents the following sales budget. In her budgeting, Rosie estimates that 35% of her sales are cash sales. For the sales on account, she estimates collection as 30% in the month of sale, 50% in the month after sale, and 20% in the second month after sales. Prepare a schedule that shows how much cash Rosie will receive for June, July and August:

April May June July August

Budgeted sales:

Total 600,000 100,000 500,000 250,000 400,000

Compute expected cash receipts for:

June July August

Sales:

Cash __________ a. __________ b. __________ c.

On account

Month of sale __________ d. __________ e. __________ f

1st mnth after sale: __________ g. __________ h. __________ i.

2nd mnth after sale: __________ j. __________ k. __________ l.