Question

 A firm has actual sales of $ 67 comma 000 $67,000 in April and $ 64...

 A firm has actual sales of $ 67 comma 000 $67,000 in April and $ 64 comma 000 $64,000 in May. It expects sales of $ 65 comma 000 $65,000 in June and   $ 97 comma 000 $97,000 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?

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