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Use the data below to answer the questions: Electric Vehicle Battery sells each battery for $6400. For the quarter that ended June 2022, EVB expects
Use the data below to answer the questions: Electric Vehicle Battery sells each battery for $6400. For the quarter that ended June 2022, EVB expects to sell 107 batteries in April, 106 Batteries in May and 105 batteries in June. On average, 25 per cent of customers purchase on credit. EVB allow credit customers to pay for their purchases the month after they have made their purchases. Assume the sales for March were 100 batteries. Prepare sales budget and cash collection budget for the month of April, May, and June. I. What is the total sales budget for the month of April, May, and June? Insert your final answer here: II. How much cash did EVB collect in the month of April? Insert your final answer here: III. How much cash did EVB collect in the month of May? Insert your final answer here: IV. How much cash did EVB collect in the month of June? Insert your final answer here: Round your final answers to two decimal places. Do not insert units, dollar signs (\$), percentage signs (\%), spaces, brackets () and commas (,) in your final
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