Graded Homework Savo Help Required information [The following information applies to the questions displayed below] 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: 51% in the month after the sale is made and 46% 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 884 294 PrimeTime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of the firm, follows: September $ 41, 800 October $. 54,300 November $ 67,900 December $ 59,100 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 $ 6,490 38,500 $ 44,998 (14,260) $ 30,730 $ 11,070 10,800 $ 270 $ 14,260 44,100 $ 58,360 (20,890) 5.37, 470 $ 16,830 12,780 $ 4,130 $ 28,890 49,200 $ 70,098 (22.318) $ 47, 788 $ 20,120 14,700 $ 5,420 $ 22,310 32,800 $ 55, 110 (19,760 $ 35350 $ 23,75@ 16.100 5 7,650 Cash on hand August 31 is estimated to be $39,870. Collections of August 31 accounts receivable were estimated to be $20,200 in September and $14,800 in October. Payments of August 31 accounts payable and accrued expenses in September were estimated to be $24.260, Rourer Cost of goods sold Gross profit Operating expenses Operating income 530,730 $ 11,070 10,800 $ 270 $37.470 $ 16,830 12,700 $ 4,130 $147780 $ 20,128 14,700 $ 5,428 539354 $ 23,750 16, 108 $ 7,658 Cash on hand August 31 is estimated to be $39,870. Collections of August 31 accounts receivable were estimated to be $20,200 in September and $14,800 in October. Payments of August 31 accounts payable and accrued expenses in September were estimated to be $24,260. Required: a. Prepare a cash budget for September. September Beginning cash Cash receipts: $ 0 Total cash receipts Cash disbursements: S 0 Total cash disbursements Ending cash $ 0 Help Required information [The following information applies to the questions displayed below.) 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: 51% in the month after the sale is made and 46% 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 80% 20% PrimeTime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of the firm, follows: September $ 41,800 October $ 54,300 November $ 67,900 December $ 59,188 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 $ 6,490 38,500 $ 44,990 (14,260) 5 30,730 $ 11,070 10,800 $ 270 $ 14,260 44,100 $ 58,360 (20,890) $ 37,470 $ 16,830 12,700 $ 4,130 $ 20,898 49,280 $ 70,090 (22,310) $ 47,780 $ 20,120 14,700 $ 5,420 $ 22,319 32,800 $ 55, 118 (19,760) $ 35, 350 $ 23, 750 16, 100 7,650 Cash on hand August 31 is estimated to be $39,870. Collections of August 31 accounts receivable were estimated to be $20,200 in September and $14,800 in October. Payments of August 31 accounts payable and accrued expenses in September were estimated to be $24.260. b. What is your advice to management of PrimeTime Sportswear? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box PrimeTime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of the firm, follows: Help September $.41,800 October $ 54,300 November $67,990 December 5.59, 180 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 $ 6,490 38,500 $ 44,99 (14,260) $ 30,730 $ 11,070 10,800 $ 270 $ 14,260 44,100 $ 58,360 (20,890) $ 37,470 $ 16,830 12,700 $ 4,130 $ 20,890 49,200 $ 70,090 (22,310) $ 47,780 $ 20,120 14,700 $ 5,420 $ 22,318 32,800 $ 55, 110 (19,760) $ 35,350 $ 23,750 116, 100 $ 7,650 Cash on hand August 31 is estimated to be $39.870. Collections of August 31 accounts receivable were estimated to be $20,200 in September and $14,800 in October. Payments of August 31 accounts payable and accrued expenses in September were estimated to be $24,260 b. What is your advice to management of PrimeTime Sportswear? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Secure more finance through sale of bonds ? Accelerate the collection of accounts receivable ? Slow down the collection of accounts receivable Accelerate the payments of accounts payablo 2 slow down the payment of accounts payable