can you please help in the same order as mine?
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: 50% in the month after the sale is made and 45% in the second month after sale. Merchandise purchases and operating expenses are paid as follows: In the month during which the merchandise is purchased or the cost is incurred In the subsequent month 73% 27% PrimeTime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of the firm. follows: September $ 42,408 October $ 54,000 November 567/798 December $ 58 900 Sales Cost of goods sold: Beginning inventory Purchases Cost of goods available for sale Less! Ending inventory Cost of goods sold Gross profit Operating expenses Operating income $ 6,350 38.600 $ 44,950 (14,958) $ 38,00 $ 12.900 10 900 $ 1,5 $ 14,950 44.480 $ 59,350 20360 8990 $ 15,018 12,500 2,118 20,368 49,200 $ 69,560 21.920) $ 47,640 $ 20,5 14 100 $ 5,960 $ 21,920 33.30 $ 55,220 119,820 5 35,400 $ 23,500 15.900 $2,600 Cash on hand August 31 is estimated to be $39,900. Collections of August 31 accounts receivable were estimated to be $17.320 in September and $14760 in October. Payments of August 31 accounts payable and accrued expenses in September were estimated to be $24,320. Required: 2-1. Prepare a cash budget for October and November. (Beginning cash should be indicated with a minus sign If It Is a negative amount.) X Answer is not complete, October November Operating expenses Operating income 10 900 $ 1.500 12,988 $ 2, 110 14 104 $ 5,960 15,900 $7,600 Cash on hand August 31 is estimated to be $39,900. Collections of August 31 accounts receivable were estimated to be $17,320 in September and $14.760 in October. Payments of August 31 accounts payable and accrued expenses in September were estimated to be $24,320 Required: 0-1. Prepare a cash budget for October and November. (Beginning cash should be Indicated with a minus sign If It is a negative amount.) Answer is not complete. October November 14.760 21,200 $ 35.080 $ Beginning cash Cash receipts August 31 accounts receivable September sales October sales November sales Total cash receipts Cash disbursements September purchases October purchases November purchases September operating expenses Cotoper operating expenses November operating expenses Total cash rements Ending as IS 0 35.080 Prospects are not good O Prospects are good b-1. Assume now that PrimeTime Sportswear is a mature firm, and that the September-November data represent a seasonal peak in business. Prepare a cash budget for December, January, and February, assuming that the income statements for January and February are the same as December's. (Beginning cash should be Indicated with a minus sign If It is a negative amount.) Answer is not complete. December January February $ 0 IS 0 IS 0 Beginning cash Cash receipts October sales November sales December sales January sales Total cash receipts Caah dimbursements November purchases December purchases January purchases February purchases November operating expenses December operating expenses January operating expenses February operating expenses Total cash disbursement Ending cash $ g IS 0 0 0 18 10
