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Schedule of Cash Receipts Objective 3 - Identify the components of the financial budget, and...

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Schedule of Cash Receipts Objective 3 - Identify the components of the financial budget, and prepare a cash budget Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is an affordable restaurant near campus and several hotels. Rosita accepts cash and checks. Checks are deposited immediately. The bank charges $0.50 per check; the amount per check averages $75. "Bad" checks that Rosita cannot collect make up 3 percent of check revenue. April May June $32,000 45,000 56,000 Required: Prepare a schedule of cash receipts for May and June. (Round all amounts to the nearest dollar.)

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