Answer 3-25. An example of the sales budget is included

Commissions (for each hat sold) ADve, 50% selling) n lanua y laime's had prepaid the rent for the whole year. jaime plans In 5,000 the other expenses in the month they occur. red: () Prepare a selling expenses budget for the third quarter of this (2) Prepare a general and administrative ex ter of this year 19 through 3-22. Jaime's Hat Shop ended june with a cash balance of $10343 penses budget for the third quar 3.23 Refer to throu Required: Prepare a cash budget for the third quarter of this year. dget? 3-24 Refer to 3-19 through 3-22. red: Prepare a projected income statement for the third quarter of this year. Mark and Lawanda are partners in a new executive search Lost and Found. Executive Lost and Found, which begins operations in December. matches the skills of displaced executives (executives who have been laid off) with the needs of companies looking for top managers. Mark estimates that the employees of Executive Lost and Found will spend 1,000 hours in December, 1,400 hours in January 1.600 hours in February, and 1,450 hours in March wor tions for Lost and Found's clients. Executive Lost and Found will bill each of its lients at the end of the month, charging $400 per hour spent working for that client during the month. On average, 50% of the billings for any month will be collected during the following month, 30% during the second month following the billing, and 20% during the third month following the billing. company called Executive 8 Required: Prepare a sales budget for Executive Lost and Found for the quarter (hnuary through March). Buler Company sells a single product for $6 per unit. Sales estimates (n units) for the o as follows: .26