Schedule of Cash Collections on Accounts Receivable and Cash Budget Lopez Inc. found that about 10% of its sales during the month were for cash. Lopez has the following accounts receivable payment experience: Percent paid in the month of sale Percent paid in the month after the sale Percent paid in the second month after the sale Lopez's anticipated sales for the next few months are as follows: April May June July August 20% 70% 8% $200,000 240,000 230,000 248,000 270,000 Required Calculate the budgeted cash receipts for the month of August. If required, round your answer to the nearest whole dollar. Cash receipts 2 more Check My Work uses remaining PreviousNext 0