Earda in a small retailer that sells phome casei. The following ertimatos are awaitable for th? coming period b. Sales collectien schedine. Notest i. O Pening calh balamee for the month of May is expected to be $4,623. ii. Incentory policy-Fnding inventory of finiahed goods is oqual to 25% of that morith's sales. iii. Budgeted selling price per case- $20 (Purchase price per case-\$10 (purchaee volume greater than 10,000 cases per mouth will recoive a 5% discount). Tv. Collecticas from eustomers: 5. Cask Budgat, - 75% in the month of sale (Total Marke 26 marks) - 25\% one month after the sale 7. Monthly operating expenses are budgeted at: - Marketing \$10,000 per month - Sales commission (50/ of Tatal Saler Collection for the month) - Adminintration cost per month is $18,000. This includas depreciation of $2,000 per enonth. vi. All expensae and purchase are paid in the month incurred unlegs vtherwrise peciffed