The JO Motel's 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:

January350,000April450,000

February220,000May370,000

March320,000June385,000

The division of sales is as follows:

Cash sales40%

Regular credit60%

Regular credit accounts are collected as follows:

Month of sale 30%

Month after month of sale 40%

Second month of sales after month of sales20%

Third month after month of sales 9%

Bad dept. 1%

______

Total 100%

Required:

Determine the amount of cash expected to be received during June 2019.(Show all of your calculations)