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The company has available the following information necessary for the preparation of the budget for the second quarter of 2023 (April-June): april may june july
The company has available the following information necessary for the preparation of the budget for the second quarter of 2023 (April-June):
| april | may | june | july | august | september | october | |
| Sales forecast in dollars | 379998 | 417998 | 455998 | 493997 | 550997 | 607997 | 664997 |
The company collects 40% of its sales during the month of the sale, 30% the following month, and 30% two months after the month of the sale. The sales price of the product is $5.60 per unit.
REQUIRED: Determine the cash collected in the April-June quarter. Assume April is the first month of operations. Do not use dollar signs, commas, or decimals.
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