1 Normal No Spacing Heading 1 Heading TA Subtitle Emphasis Font Paragraph Shes S1213-5 16-17 8. 9 101 11:12 13 14--15-17 18 Click or tap here to enter text. The company's manager budget cash flows on a monthly basis so that they can pla short-term investments and borrowings. Kite sales are highest during the spring and summer. Sales are fairly even within each quarter sales are even within 3 months of each quarter), but sales vary across quarters as follows: Distribution of sales January March 30% April - June July - September 10% October - December 10% 50% Payments from customers are usually received as follows: Pay during the month goods are received 50% Pay the next month 47% Bad debts 3% In addition to customer receipts, the company expects to receive the following amounts in proceeds from the sale of equipment during: January $10.000 April $5.000 July $5,000 November $12.000 5. Prepare monthly budgets for cash receipts. Host: you may have to present a table of monthly sales, receipts of the month and from the prior month extra receipts, and the monthly total receipts. 5 nglich (Austria o Cortap here to entertext 1. Prepare a direct labour budget (in dollar2 marks 1 Normal No Spacing Heading 1 Heading TA Subtitle Emphasis Font Paragraph Shes S1213-5 16-17 8. 9 101 11:12 13 14--15-17 18 Click or tap here to enter text. The company's manager budget cash flows on a monthly basis so that they can pla short-term investments and borrowings. Kite sales are highest during the spring and summer. Sales are fairly even within each quarter sales are even within 3 months of each quarter), but sales vary across quarters as follows: Distribution of sales January March 30% April - June July - September 10% October - December 10% 50% Payments from customers are usually received as follows: Pay during the month goods are received 50% Pay the next month 47% Bad debts 3% In addition to customer receipts, the company expects to receive the following amounts in proceeds from the sale of equipment during: January $10.000 April $5.000 July $5,000 November $12.000 5. Prepare monthly budgets for cash receipts. Host: you may have to present a table of monthly sales, receipts of the month and from the prior month extra receipts, and the monthly total receipts. 5 nglich (Austria o Cortap here to entertext 1. Prepare a direct labour budget (in dollar2 marks