Accounting question.Need the answer.Please help me as soon as possible.Thanks a lot.

Fresh Food Ltd is a food processing company whose main product is canola cooking oil. The CEO, Maggie, is contemplating expanding the business by selling its canola oil product into the growing Chinese market. She asks you, as the company's accountant, whether financial planning structures and processes within the company are set up to deal with this expansion of operations and greater financial complexity associated with export trading. You know that the company has developed very detailed processes for preparing its production and cash budgets. But other areas of budgeting, especially financial, and capital budgets have not been formally established. You tell the CEO you will look into it and provide her with advice in next month's meeting. The budget committee of the company has provided the following information: Cash sales are 70% of total sales. Debtors are expected to pay: 60% of in the month of sales; and 40% in the month following the sale. 2017 Sales April May June July $500,000 Actual sales $600,000 Actual sales $800, 000 Estimated sales $900,000 Estimated sales REQUIRED (a) Prepare a schedule of expected receipts from debtors for June and July 2017. (show all workings as part of your answer). (b) Distinguishes between the various types of budgets and their purpose that the company should put in place as part of the overall planning and control process. (90 words limit) (c) Provide three examples of how the sales budget will impact budgets set in other related parts of the organization. (50 words limit) (d) Discuss the steps that would be necessary to establish a fully integrated set of budgets that will enable effective planning and control for the company in the future, and gain positive coordination and behavioral change necessary to attain corporate objectives. (100 words limit) (e) Working capital management is concerned with the effective management of the cash operating cycle. Discuss the meaning of the cash operating cycle and how a lengthening cash operating cycle due to a building up of excessive inventory can reduce profitability / increase costs (60 words limit) Page 1 of 2 Page 2 of 2