Check my won 14 10 points Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year Cash Expenses Month Sales Purchases Paid $ 95,000 $ 70,000 $ 24,002 June 124.000 19.000 25.000 July 135,000 116,000 35,500 August 128,010 76,080 33,600 May rences The majority of Martin's sales (60 percent) are cash, but a few of the excursion companies purchase on credit of the credit sales, 40 percentare collected in the month of sale and 60 percent are collected in the following month. All of Martin's purchases are on account with 45 percent paid in the month of purchme and 55 percent paid the following inorth. Required: 1. Determine bodgeted cash collections for July and August 2. Determine budgeted cash payments for July and August Complete this question by entering your answers in the tabs below. Required Required 2 Determine hudgeted cash collectors for July and August. Coard your intermediate calculators and final owers to carest whole dola) July August Budged Cash Collections IME Gew Check my work 14 10 pois Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year Cash Month Expenses Purchases Paid May $ 95,000 5 70,000 $ 24,00 June 124,010 89,000 25,000 July 135,000 116,000 35,500 August 128, 800 76,600 im The majority of Martin's sales (60 percentare cash, but a few of the excursion companies purchase on credit or the credit sales, 40 percent are collected in the month of sale and 60 percent are collected in the following month. All of Martin's purchases are on account with 45 percent paid in the month of purchase and 55 percent paid the following month Required: 1. Determine budgeted cash collections for July and August 2. Determine budgeted cash payments for July and August Complete this question by entering your answers in the tabs below. Required a pored 2 Determine budgeted cash payments for July and August July A Cab Payners Law Check my won 14 10 points Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year Cash Expenses Month Sales Purchases Paid $ 95,000 $ 70,000 $ 24,002 June 124.000 19.000 25.000 July 135,000 116,000 35,500 August 128,010 76,080 33,600 May rences The majority of Martin's sales (60 percent) are cash, but a few of the excursion companies purchase on credit of the credit sales, 40 percentare collected in the month of sale and 60 percent are collected in the following month. All of Martin's purchases are on account with 45 percent paid in the month of purchme and 55 percent paid the following inorth. Required: 1. Determine bodgeted cash collections for July and August 2. Determine budgeted cash payments for July and August Complete this question by entering your answers in the tabs below. Required Required 2 Determine hudgeted cash collectors for July and August. Coard your intermediate calculators and final owers to carest whole dola) July August Budged Cash Collections IME Gew Check my work 14 10 pois Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year Cash Month Expenses Purchases Paid May $ 95,000 5 70,000 $ 24,00 June 124,010 89,000 25,000 July 135,000 116,000 35,500 August 128, 800 76,600 im The majority of Martin's sales (60 percentare cash, but a few of the excursion companies purchase on credit or the credit sales, 40 percent are collected in the month of sale and 60 percent are collected in the following month. All of Martin's purchases are on account with 45 percent paid in the month of purchase and 55 percent paid the following month Required: 1. Determine budgeted cash collections for July and August 2. Determine budgeted cash payments for July and August Complete this question by entering your answers in the tabs below. Required a pored 2 Determine budgeted cash payments for July and August July A Cab Payners Law
