budget The monthly cash budgets for the second quarter of 2022 follow (\$000 omitted) for Tusc A minimum cash balance of $15,000 is required to start each month, and a $50,000 line of credit ned with a local bank at a 16% interest rate dired: ulate the missing amounts. (Hint: The total cash avaliable includes collections from customers for ths, plus the beginning cash balance from January 1, 2022.) Prime Time Sportswear's income statement budget for each of the next four months, newly revised to reflect success of the firm, follows Cash on hand June 30 is estimated to be $75,000. Collections of June 30 accounts raceivable were estimated be $40.000 in July and $30.000 in August. Payments of June 30 accounts payable and accrued expenses in Cash on hand June 30 is estimated to be $75,000. Collections of June 30 accounts recelvable were estimater be 540.000 in July and 530,000 in August. Payments of June 30 accounts payable and accrued expenses in were estimated to be 548,000. n Cash budget The monthly cash budgets for the second quarter of 2022 follow (\$000 omitted) for Tuscano Mfg. Co. A minimum cash balance of $15,000 is required to start each month, and a $50,000 line of credit has been arranged with a local bank at a 16% interest rate. Required: Calculate the missing amounts. (Hint: The total cash available includes collections from customers for all three months, plus the beginning cash balance from January 1,2022 .) blem Cash budget-part 1 PrimeTime Sportswear is a custom imprinter that began operations six months ago. Sales have exceeded management's most optimistic projections. Sales are made on account and collected as follows: 60% in the month after the sale is made 14-4,and 35% in the second month after sale. Merchandise purchases and operating expenses are paid as follows: PrimeTime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of the firm, follows: Cash on hand June 30 is estimated to be $75,000. Collections of June 30 accounts receivable were estimated to be $40,000 in July and $30,000 in August. Payments of June 30 accounts payable and accrued expenses in July were estimated to be $48,000. Required: a. Prepare a cash budget for July. b. What is your advice to manaqement of PrimeTime Sportswear