Question: Refer to information from QS. Assume 20% of Turks's sales are for cash. The remaining 80% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June.
QS: Turks sells miniature digital cameras for $400 each. 900 units were sold in May, and it forecasts 5% growth in unit sales each month. Determine
(a) the number of camera sales and
(b) the dollar amount of camera sales for the month of June.