Check my Bombs Away Video Games Corporation has forecasted the following monthly sales: January February March April $111.000 July $ 56,000 104,000 August 56,000 36,000 September 66,000 36,00 October 96,eee 31,000 November 116,000 46,009 December 134,000 Total annual sales - $888,000 May June Bombs Away Video Games sells the popular Strafe and Capture video game. It sells for $5 per unit and costs $2 per unit to produce. A level production policy is followed. Each month's production is equal to annual sales (in units) divided by 12. Of each month's sales, 20 percent are for cash and 80 percent are on account All accounts receivable are collected in the month after the sale is made a. Construct a monthly production and inventory schedule in units. Beginning inventory in January is 36,000 units Bombs Away Video Games Corporation Production and Inventory Schedule in Units eging - Production - Sales - Ending a. Construct a monthly production and inventory schedule in units. Beginning inventory in January is 36,000 units. Bombs Away Video Games Corporation Production and Inventory Schedule in Units Beginning + Production Inventory Sales 36,000 Ending Inventory January February March April May June July August September October November December Prex 9 of 20 Next > b. Prepare a monthly schedule of cash receipts. Sales in December before the planning year are $100,000. Bombs Away Video Games Corporation Cash Receipts Schedule February March January April May June Sales Cash receipts Cash sales Prior month's credit sales Total cash receipts 050 $ Bombs Away Video Games Corporation Bombs Away Video Games Corporation Cash Receipts Schedule August September July October November December Sales Cash receipts: Cash sales Prior month's credit sales Total cash receipts Prenarrach auments schedule for lantary throunh haramher Thendurtinn rosto nfs2 nerrinit Arenal for in the month in c. Prepare a cash payments schedule for January through December. The production costs of $2 per unit are paid for in the month in which they occur. Other cash payments, besides those for production costs, are $56,000 per month + Bombs Away Video Games Corporation Cash Payments Schedule February March January April May June Production cost Other cash payments Total cash payments Check my Lasn Payments schedule February March January April May June Production cost Other cash payments Total cash payments Bombs Away Video Games Corporation Cash Payments Schedule August September October July November December Production cost Other cash payments Total cash payments 3 & 10 d. Prepare a monthly cash budget for January through December using the cash receipts schedule from part band the cash payments schedule from part c. The beginning cash balance is $5,000, which is also the minimum desired. (Negative amounts should be indicated by a minus sign.) Bombs Away Video Games Corporation Cash Budget February March January April May June Beginning cash Net cash flow Cumulative cash balance Monthly loan or (repayment) Ending cash balance Cumulative loan balance Bombs Away Video Games Corporation Cash Budget August September July October November December Beginning cash Net cash flow Cumulative cash balance Monthly loan or repayment) Ending cash balance Cumulative loan balance @ Ama 46