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Bearcat Corporation provided the following information: Purchases Sales August 126,500.00 182,000.00 September 132,600.00 175,000.00 October 137,000.00 163,000.00 November 150,500.00 155,000.00 December 162,800.00 153,000.00 Customers pay
Bearcat Corporation provided the following information: Purchases Sales August 126,500.00 182,000.00 September 132,600.00 175,000.00 October 137,000.00 163,000.00 November 150,500.00 155,000.00 December 162,800.00 153,000.00 Customers pay 60% of their balances in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The company pays all invoices in the month following purchase and takes advantage of a 2% discount on all amounts due. Cash payments for operating expenses in December will be $108,200; Bearcat's cash balance on December 1 was $162,900. Required: 1. What are the five purposes behind budgeting according to your textbook? Link each of these purposes to your current work or to the job you plan to pursue afte
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