Fredder Company Usually Sells About 20% of Its Merchandise During $$\begin{array} { l r } \text { April } & \$ 100,000 \\\text { May } & 120,000 \\\text { June } & 80,000\end{array}$$

Fredder Company usually sells about 20% of its merchandise during a month for cash with the remaining sales on account.The company's 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:
Assume all questions relate to the month of June.
$$\begin{array} { l r } \text { April } & \$ 100,000 \\\text { May } & 120,000 \\\text { June } & 80,000\end{array}$$ A. What are the expected cash sales?
B. What are the expected receipts from accounts receivable for sales made in April?
C. What are the expected receipts from accounts receivable for sales made in May?
D. What are the total expected cash receipts?
E. From the above accounts receivable history information, receipts from accounts receivable do not equal $100 \%$ . Why not? Does this amount appear on the cash budget?