a. Management expects to sell equipment that cost $15,000 at a gain of $4,000. Accumulated depreciation on this equipment is $11,000. h mout of cas reep for ht sal a, $ b. Management expects to sell 7,500 cases of water in August and $9,800 cases in September. Each case sells for $15. Cash sales average 40% of total sales, and credit sales make up the rest. Three-fourths of credit sales are collected in the month of sale, with the balance collected the following month. The amount of cash receipts the company will budget for the collection of sale b. revenue is S c. The company pays rent and property taxes of $4,400 each month. Commissions and other selling expenses average 20% of sales. Agua Bravo pays one-half of commissions and other selling expenses in the month incurred, with the balance paid the following month. The amount of cash payments for total expenses the company will budget for c. September is $ Agua Bravo is a distributor of bottled water. For each of the items, compute the amount of cash receipts or payments Agua Bravo will budget for September. The solution to one item may depend on the answer to an earlier item