1、cash collections for June =$108,000*20%+$108,000*80%*50%+$72,000*80%*30%+$96,000*80%*15%=$93600
2、
cash payments for purchases during June=$ 58,830.00
calculation is as following for reference:
items April May June July
sale 96,000.00 72,000.00 108,000.00 84,000.00
70% 70% 70% 70%
cogl 67,200.00 50,400.00 75,600.00 58,800.00
25% 25% 25% 25%
ending of inventory 12,600.00 18,900.00 14,700.00
beginning of inventory 16,000.00 12,600.00 18,900.00
purchase 63,800.00 56,700.00 71,400.00
payment 44,660.00 58,830.00