25 so 2 0101 [03 k PH Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat it sels to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information available for several months of the current year Cash Expenses Pai Sales Purchases $93,000$ 62,000 $ May June 23,000 26,500 110,000 91,000 July 133,000 113,000 36,258 August 132,008 70,000 33,600 The majority of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales 35 percent are collected in the month of sale and 65 percent are collected in the following month All of Martin's purchases are on account with 45 percent paid in the month of purchase and 55 percent paid the following month, Required: 1. Determine budgeted cash collections for July and August 2. Determine budgeted cash payments for July and August Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cash collections for July and August. (Round your intermediate caislations and final answers to rea whole dollar) July Bugeted Cash Collections 2 Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sets to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year Cash Expenses Marth Sales Purchases Paid May $ 33,000$ 62,000 $21,000 ITI 110,000 01,000 26,500 June July August 133,000 113,000 36,250 132,000 70,000 33,000 The majority of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 35 percent are collected in the month of sale and 65 percent are collected in the following month. All of Martle's purchases are on account with 45 percent paid in the month of purchase and 55 percent paid the following month A Required: 1. Determine budgeted cash collections for July and August 2. Determine budgeted cash payments for July and August Complete this question by entering your answers in the tabe below. Required 1 Required 2 Determine budgeted cash payments for July and August. July August Budgetad Cash Payments 2.5 poom mo OF P of Required Check my we lartin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to dividuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is wailable for several months of the current year: Purchases Sales $ 93,000 $ 62,000 Month May June July Cash Expenses Paid $23,000 26,500 91,000 118,000 133,000 132,000 113,000 36,250 August 70,000 33,600 he majority of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 5 percent are collected in the month of sale and 65 percent are collected in the following month. All of Martin's purchases are on ccount with 45 percent paid in the month of purchase and 55 percent paid the following month. equired: Determine budgeted cash collections for July and August. Determine budgeted cash payments for July and August. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cash collections for July and August. (Round your intermediate calculations and final answers to nearest whole dollar.) July August Budgeted Cash Collections Required 2 > Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year: Sales Purchases Cash Expenses Paid 23,000 Month May June July August $ 93,000 $ 62,000 $ 91,000 118,000 26,500 133,000 113,000 132,000 36,250 70,000 33,600 The majority of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 35 percent are collected in the month of sale and 65 percent are collected in the following month. All of Martin's purchases are on account with 45 percent paid in the month of purchase and 55 percent paid the following month. Required: 1. Determine budgeted cash collections for July and August. 2. Determine budgeted cash payments for July and August. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cash payments for July and August. July August Budgeted Cash Payments