Answer the following

Part 4 Schedule of Expected Cash Collections (30 points) Nicky Company makes Veterinary products. The company's sales budget for May and June are shown below: May June Total Budgeted Sales [all on account] $400,000 $300,000 5 700,000 From past experience, the company has learned that 60% of a month's sales are collected in the month of sale, another 30% are collected in the month following sale, and the remaining 10% are NOT collected, but they remain in the company's accounting records. April sales totaled $200,000. Required 1. In good form, prepare a schedule of expected cash collections from Sales for May, June and the two-month total. Show work to receivefu credit. 2. What is the account receivable balance on June 30\"\"? Show work to receivefucredft. Requirement 1. Nicky Company Expected Cash Flows for the months of May June Total Relating to Sales of the Month of: Requirement 2. Balance of Accounts Receivable on June 30'\". Part 5 Constraint Equations and Graphs [25 points} EmilyAnne Company makes two products: HIGH and LOW. It makes a prot of $75 per unit on each HIGH product sold, and $15 per unit on each LOW product sold. The demand for its products is that it can sell all the HIGH and LOW products that the company can make. Note: Sales ofa fraction of a product are possible. To make each product requires two activities: {1} Assembling, and {2} Painting. The Assembling Department has 600 hours available while the paint shop has 150 hours available. It takes TEN hours of Assembling and TWO hours of Painting to make one HIGH product. It takes THREE hours of Assembling and ONE hour of Painting to make one LOW product. Required {1} State the information in mathematical form [use H for HIGH product; and Lfor LOW product. I. Show the IsoProt equation. II. Show each constraint equation for Assembling and Painting. {2} Consider the graphs shown below based on production constraints]. I. Solve the Constraint equations to determine the NU MERIC amounts for Points A, B, D, and E. Enter answers is spaces as on the next page. At a minimum, explain [show computations] for Points A and B. Solve for the numbers for Point C for extra credit. II. Use appropriate letters from the graph [A, B, C, D, E] to indicate THE FEASABLE BOUNDARY. EXTRA CREDIT Explain [show some calculations] which Point [A, B, C, D, E] results in the Maximum Feasible Prot. [1} lsoProfit equation {1} Constraint Equations ASSEMBLING Constraint PAINTING Constraint Graphs pf Production Constraints High Product Painting Constraint [ Assembling Constraint D E Low Product