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Ceradyne Retailers expects credit sales in the next quarter as follows: April $79,100 May 84,800...

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Accounting

Ceradyne Retailers expects credit sales in the next quarter as follows: April $79,100 May 84,800 June 101,000 Prior experience has shown that 64 percent of a months sales are collected in the month of sale, 20 percent are collected in the month following sale, and the remaining 16 percent are collected in the second month following sale. February and March sales were $82,200 and $110,000, respectively. Estimate budgeted cash receipts for April, May, and June.

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