Meredith Company has budgeted sales for the upcoming months as follows April May June July August...

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Meredith Company has budgeted sales for the upcoming months as follows April May June July August September $378,000 390,000 410,000 430,000 418,000 198,000 Assume that 40 percent of the sales are credit sales, and the remainder are cash sales. Credit sales are collected 50 percent in the month of sale, 40 percent in the month following the sale, and 10 percent in the second month following the sale Required: a. Compute Meredith Company's budgeted cash receipts for June. Note: Do not round intermediate calculations. Cath Recupe b. Compute Meredith Company's budgeted cash receipts for July Note: Do not round intermediate calculations. Cash Receipts Meredith Company has budgeted sales for the upcoming months as follows April May June July August September $378,000 390,000 410,000 430,000 418,000 198,000 Assume that 40 percent of the sales are credit sales, and the remainder are cash sales. Credit sales are collected 50 percent in the month of sale, 40 percent in the month following the sale, and 10 percent in the second month following the sale Required: a. Compute Meredith Company's budgeted cash receipts for June. Note: Do not round intermediate calculations. Cath Recupe b. Compute Meredith Company's budgeted cash receipts for July Note: Do not round intermediate calculations. Cash Receipts