The JO Motel's general manager Mark, has completed the operations budget for 2019. Lois requested your assistance in developing equations for the cash budget.

January280,000April350,000

February220,000May360,000

March280,000June380,000

The division of sales is as follows:

Cash sales30%

Regular credit70%

Regular credit accounts are collected as follows:

Month of sale25%

Month after month of sale45%

Second month of sales after month of sales20%

Third month after month of sales9%

Bad depts.1%

______

Total100%

Required:

Determine the amount of cash expected to be received during June 2019.