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Determine the amount of cash expected to be received

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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.

January 280,000               April 350,000

February 220,000              May 360,000

March 280,000                 June 380,000

The division of sales is as follows:

Cash sales 30%

Regular credit 70%

Regular credit accounts are collected as follows:

Month of sale 25%

Month after month of sale 45%

Second month of sales after month of sales 20%

Third month after month of sales 9%

Bad depts. 1%

Total 100%

Required:

Question 1: Determine the amount of cash expected to be received during June 2019.

Reference no: EM132536885

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