3. Assume the fotlowing doca for Arimal Gear Ceenpany "iClick the icon to view the assurcetions) Requirements (Click the idon to view budget infonrasiont) 1. Prepaee a cash budget for Apeit for Arimal Gear. 2. Why do Animal Gear's managers prepare a cath budgot in addition ta the 1everuse, axpentes, and coenating income budget? Requirement 1. Prepare a cash budget bor Aprt for Animal Goor. Begin the cash buoget by calculating the cash avalable, then total distursenseris, and finwily the eflects of francing and the ending cash balance, (Round your answem to the nairnst whole dielat. Entar "O" for repaycrent of foun it excess cash does not exceed $10,000 at the end of Aprit) Requirement 2. Why do Animal Gears managers prepare a cash budgot in addition to the revenue, expenses, and operating income budget? Animal Gear's manngers prepare a cash budgot in addibion to the operiting income budget to (t1) if Arimal Gear is proftable on an acerual accounting basis, (12) Animal Gear's managars may then need sa (13) Busding a proftible operating plon (14) that adequate cash will be available. Reduirements: Mequirement 1. Prepare an cash butgel tor April tor Arwel Gear. does nof eiereved 310 obo at the end of April 1 operating incoms buckei? Anituai Cearumanugers may Eien cout ta (13) Elaling a proftitibs coperating plan (t)i) thet adecusee cash wat be wadable. 3. Moro into - Animal Cear (AG) does not make any seles on crede AO selis only to the puble and octepts cash and ceidi cordi: - Purchases of muserals are on scocunt, AG paya for half the purchasen in the period of the parchase and the olther hatl worth 520,024 - AG plans to replacn a machine in Apri at a net cass cost c 313,000. operaing inonmandacturra) coes for Apri. remited in Apti. 10 has cash of 55.500 on hand at the end of Mutch. 3. Assume the fotlowing doca for Arimal Gear Ceenpany "iClick the icon to view the assurcetions) Requirements (Click the idon to view budget infonrasiont) 1. Prepaee a cash budget for Apeit for Arimal Gear. 2. Why do Animal Gear's managers prepare a cath budgot in addition ta the 1everuse, axpentes, and coenating income budget? Requirement 1. Prepare a cash budget bor Aprt for Animal Goor. Begin the cash buoget by calculating the cash avalable, then total distursenseris, and finwily the eflects of francing and the ending cash balance, (Round your answem to the nairnst whole dielat. Entar "O" for repaycrent of foun it excess cash does not exceed $10,000 at the end of Aprit) Requirement 2. Why do Animal Gears managers prepare a cash budgot in addition to the revenue, expenses, and operating income budget? Animal Gear's manngers prepare a cash budgot in addibion to the operiting income budget to (t1) if Arimal Gear is proftable on an acerual accounting basis, (12) Animal Gear's managars may then need sa (13) Busding a proftible operating plon (14) that adequate cash will be available. Reduirements: Mequirement 1. Prepare an cash butgel tor April tor Arwel Gear. does nof eiereved 310 obo at the end of April 1 operating incoms buckei? Anituai Cearumanugers may Eien cout ta (13) Elaling a proftitibs coperating plan (t)i) thet adecusee cash wat be wadable. 3. Moro into - Animal Cear (AG) does not make any seles on crede AO selis only to the puble and octepts cash and ceidi cordi: - Purchases of muserals are on scocunt, AG paya for half the purchasen in the period of the parchase and the olther hatl worth 520,024 - AG plans to replacn a machine in Apri at a net cass cost c 313,000. operaing inonmandacturra) coes for Apri. remited in Apti. 10 has cash of 55.500 on hand at the end of Mutch