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Balance Shwe March 31, 2020 $12.10 $41,01 SMA & Onequily SS. The marketing department has estrated sales in units as follows: March May June July 22. RO 26,600 27.300 34 200 19. 00 The selling price leath unit is $5. What are the total sales budgeted for the second quarter? Qucation 2 Sales are 20% for cash and 80% on credit. All p a l ced in the month following the sal the accounts receivable at March 31 are a result of March credit cales. What is the expected amount of cash to be collected in June? Quran 3 What is the budgeted accounts receivable amount for June 30? De how were Expert Answer z a Selinger Totalitatgeteire serier-Mez - 25.000 32.300-34200255 - $465.500 s ha Cashion - 32.300 X 55 X - $363.400 Meye 34200 X 55 X 2014 Cast June 30th centarai - 34200 X 55 X 206 - $136.000 The company's gross margin percentage is 40% of sales (.e. cost of goods sold is 60% of sales). Each month's inventory should equal 30% of the following month's cost of goods sold. Beginning inventory has been given to you. What are total required purchases for June? Half of a month's inventory purchases are paid for in the month of purchase and half in the following month. Accounts payable for March 31 have been given to you. What are total expected cash disbursements for purchase of inventory for the month of June