12:31 docs.google.com Part D Budgeting Question * 8. Lee's Appliances forecasts the following sales figures for the next four months. April RM250,000 May | RM130.000. June RM225,000 July | RM150,000 4 points Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May? RM215 000 RM207 500 RM195 000 RM82 500 Given estimated sales in February, March, April, May and June are RM90,000, RM96,000, RM54,000, RM87,000 and RM63,000. In case 50% of sales are realized in the next month and balance in the next of next month, determine cash collection from sales in April and May. RM 93,000 and RM75,000 4 points