Fredder company usually sells about 20% of its merchandise during a month for cash with the remaining sales on account. the companys accounts receivable payment history is as follows: 30% in the month of sale, 50% in the month following, and 15% in the second month following sale. Total budgeted sales for the second quarter are as follows:
April 100,000
May 120,000
June 80,000
What are the total expected cash receipts for June?