Cave Hardware's forecasted sales for April, May, June, and July are $210,000, $230,000, $110,000, and $290,000,...

 

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Cave Hardware's forecasted sales for April, May, June, and July are $210,000, $230,000, $110,000, and $290,000, respectively. Sales are 60 collected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at $50,000 plus 10% of the fo purchases are paid 28% in the month of purchase and 72% in the following month. What are the cash collections budgeted for June at Cave Hardware? Cave Hardware's forecasted sales for April, May, June, and July are $210,000, $230,000, $110,000, and $290,000, respectively. Sales are 60 collected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at $50,000 plus 10% of the fo purchases are paid 28% in the month of purchase and 72% in the following month. What are the cash collections budgeted for June at Cave Hardware?