Question: Please include math along with problem, I'm extremely lost on my homework. thank you for your help Homewo Question 5, P4-8 (similar ... HW Score:

Please include math along with problem, I'm extremely lost on my homework. thank you for your help
Please include math along with problem, I'm extremely lost on my homework.

Homewo Question 5, P4-8 (similar ... HW Score: 28.75%, 17.25 of 60 points O Points: 0 of 6 Save Cash receipts A firm has actual sales of $70,000 in April and $60,000 in May. It expects sales of $69,000 in June and $102,000 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) June August May 60.000 $ Sales Cash sales April 70,000 $ $ July 102,000 $ $ $ 102,000 69,000 $ $ $ Collections: Lag 1 month Lag 2 months Total cash receipts $ $ $

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