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Saint Leo Univer Activity - Saint L @ Grades - Princip @ Chapter 19 Hon @ Assignment X G The installed co: C Search Textbook C Assignment 2 - C In Early 2019, s C Classify The Foll C E4-2 Classify Th Homework Help + - X https://saintleo.brightspace.com/d21/le/content/92572/viewContent/3061439/View . . . Table of Contents > Module 2 > Assignment 2 Assignment 2 ~ Finance for Managers MGT-325-OL04 Homework: Assignment 2 Save Score: 0 of 8 pts 1 12 of 12 (8 complete) HW Score: 46%, 46 of 100 pts P4-8 (similar to) Question Help Cash receipts A firm has actual sales of $70,000 in April and $59,000 in May. It expects sales of $75,000 in June and $97,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? Complete the cash receipts table below: (Round to the nearest dollar.) April May June July August Sales S 0,000 S 59,000 $ 75,000 $ 97,000 $ 7,000 Cash sales $ Collections: Lag 1 month Lag 2 months Total cash receipts $ Enter any number in the edit fields and then click Check Answer. ? All parts showing Clear All Check Answer