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The JJ Motels general manager, Bob, has completed the operations budget for 2019. He requests your assistance in developing equations for the cash budget. He

The JJ Motels general manager, Bob, has completed the operations budget for 2019. He requests your assistance in developing equations for the cash budget. He provides information as follows: January 350,000 April 450,000 February 220,000 May 370,000 March 320,000 June 385,000 The division of sales is as follows: Cash sales 40% Regular credit 60% Regular credit accounts are collected as follows: Month of sale 30% Month after month of sale 40% Second month of sales after a month of sales 20% Third month after month of sales 9% Bad debts. 1% ______ Total 100% Required: Determine the amount of cash expected to be received during June 2019. (Show all of your calculations)

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