to the March credit sales, for example, shows that $81,000 of the $180,000 will be col- Caer is uncollectible. Applying s to t 536,000 in May, and $16.200 in June. All merchandise is purchased on credit: 80% of the April. id in the month following a purchase and the remaining 20% is paid in the second month. is paid in the mon fteI00,000 March purchases, $80,000 will be paid in April and $20,000 in May, Check Budged balance A 53.000 Mm succor, susoo a cash budget for April, May, and June for Sony Stereo. Show supporting calculations as needed. calculations as needed. May 44,000 June 34 800 Prepure a enick Company sells its product for $22 per unit. Its actual and budgeted sales follow Problem 20-78 Merchandising: Preparation and analysi of cash budgets with Units Dollars February (actual). 22,500 495,000 purchases budgets P4 April (budgeted) May (budgeted) 18,750 412.500 21,000 462.000 All sales are on credit. Recent experience shows that 40% of credit sales is collected in the month of te sde, 35% in the month after the sale, 23% in the second month after the sale, and 2% proves to be uncollect- de. The product's purchase price is $12 per unit. All purchases are payable within 21 days. Thus, 30% of