8-10. Here are two things you don't know about yourself: 1) You're going to graduate at the end of April (Congratulations!). 2) You love making ribs. (Surprise! I mean, who knew? Apparently not even you.) As a side-gig from your regular job after you graduate you're going to team up with some experienced friends to make ribs at county fairs, outdoor auto shows, music festivals, night markets, and food fairs, such as the Taste of Danforth (Toronto), Chocolate Fest (St. Stephen), and most importantly, Toronto's Rib Fest! Additionally, and importantly, there are also corporate customers, where you'll cater weekend retreats, picnics, socials, grand-openings, etc. You'll be a busy person every weekend from May to through October! So the business, called the "Rib Crib," is seasonal and it makes sense to manage it as so. Your friends are bringing you on-board partly for your BBQ-making potential and partly for your business skills. Indeed, they've shown you numbers from the last few years and you're trying to help them plan for the upcoming 2023 season.... (All numbers given below are in 1,000s.) 8. Historically, 60% of Rib Crib's sales are in cash (mainly at the fairs, auto shows, music festivals, etc.). However, 30% of sales are at the corporate events where the companies pay within 30 days, and 10% of sales are with corporate or government customers that pay within 60 days. Here is the six month sales forecast: May=90,June=170,July=210,August=230,September=160,October=100 Build a Receivables budget and tell me what receivables will be at the end of October. 9. Now here's the anticipated cash situation: As far as CoGS are concerned, they generally run 65% of sales, and the Rib Crib pays for 75% of that in cash, and the remaining 25% they pay within 30 days. The company has operating expenses of 20 per month. Financial expenses include interest amounting to 25/ month on debt left over from purchasing the equipment a few years ago, and taxes that have typically been around 15/ month. There are no dividends being paid out. There is one capital expenditure - a "new" used Ford 150 to haul "the crib," which will probably be bought in June for 45 (i.e., $45,000 ). The Rib Crib will receive a loan from the dealership at 0% interest (!), provided the Rib Crib pays off the loan in three equal instalments during July, August, and September. Develop a cash budget for the upcoming six-month season. 10. Finally, develop a short-term financing schedule for the Rib crib. Assume they want to have a cash balance of 25 at the start of every month