Blue Wave Co. predicts the following unit sales for the coming four months: September, 3,700 units; October, 4,300 units; November, 6,800 units; and December, 7,600 units. The company's policy is to maintain finished goods inventory equal to 60% of the next month's sales. At the end of August, the company had 1,900 finished units on hand. Prepare a production budget for each of the months of September, October, and November. Blue Wave Co. Production Budget September, October and November September October Next month's budgeted sales (units) % % November % Units to be produced Tyler Co. predicts the following unit sales for the next four months: April, 3,400 units; May, 4,100 units; June, 6,500 units; and July, 3,000 units. The company's policy is to maintain finished goods inventory equal to 20% of the next month's sales. At the end of March, the company had 900 finished units on hand. Prepare a production budget for each of the months of April, May, and June. Tyler Co. Production Budget April, May and June April Next month's budgeted sales (units) May June % % % Units to be produced Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. January February March Cash Receipts $ 522,000 409,500 476,000 Cash payments $467,700 355,200 525,000 According to a credit agreement with its bank, Kayak requires a minimum cash balance of $40,000 at each month-end. In return, the bank has agreed that the company can borrow up to $140,000 at a monthly interest rate of 1%, paid on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. The company repays loan principal with any cash in excess of $40,000 on the last day of each month. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1. Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) excess of $40,000 on the last day of each month. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1. Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) KAYAK COMPANY Cash Budget For January, February, and March January February $ 40,000 March Beginning cash balance Total cash available Preliminary cash balance Ending cash balance Loan balance Loan balance - Beginning of month $ 80,000 Additional loan (loan repayment) Loan balance - End of month