I can't fit it all in one page so why can't you allow me to take multiple pictures? I payed money for this stuff. If you zoom in you can clearly read the question. If I was able to take multiple pictures I would be able to send clear pictures, but I don't have that luxury. Either allow me to send multiple, or zoom in on the question, this is ridiculous.

6 . "We really need to get the new material-han pment in operation Ju ew year begins. I hope we can finance It largely with cash and marketable sec e can get a sho in at MetroBank " This statement by Beth Davies-Lowry, president of Intercoastal Electronics Company, c a meeting she had called with the firm's top management. Intercoastal is a small rapidly growing whole water of consumer electronic products. The firm's main product lines are small kitchen appliances and power tools. Marcie Wilcox, Intercoastal's General Manager of Marketing, has recently completed a sales forecast. She believes the cpogy's sales during the first quarter of 20x1 will increase by 10 percent each month over the previous month's sales. Then Wilcox expects sales to remain constant for several months. Intercoastal's projected belence sheet as of December 31, 2020, is as follows: Cash $ 40,060 Accounts receivable 313,000 Marketable secures 23,000 Inventory 192,300 Buildings and equipment (net of accumulated depredation 349,000 Total assets $ 1,121,300 Accounts payable $ 220,500 Band Interest payable 0,230 Property taxes payable 6,000 Bonds payable [10% due in 2040) 150,000 Common stock 103,000 Retained earnings 238,790 Total labinlies and stockholders' equity $ $121500 Jack Hanson, the assistant controler, is now preparing a monthly budget for the first quarter of 201 In the process, the following information has been accumulated 1. Projected sales for December of 20x0 are $500,000. Credit sales typically are 70 percent of total sales Intercoastal's credit experience indicates that 10 percent of the credit sales are collected during the month of sale, and the remainder are collected during the following month. 2. Intercoastal's cost of goods sold generally runs at 70 percent of sales Inventory Is purchased on account, and 40 percent of each month's purchases are paid during the month of purchase. The remainder is paid during the following month. In order to have adequate stocks of Inventory on hand, the Him attempts to have inventory at the end of each month equal to har of the next month's projected cost of goods sold. 3. Henson has estimated that Intercoastal's other monthly expenses wil be as follows: Sales salaries $ 33.000 Advertising and promotion 10,000 Administrative salaries 35,000 Depreciation 25,000 Imerest on bonds 1,230 Property taxes 1500 In addition, sales commissions run at the rate of 2 percent of sales. 4. Intercoastal's president, Davies Lowry, has indicated that the firm should invest $103,090 in an automated Invemory handling system to control the movement of inventory in the firm's warehouse just after the new year begins. These equipment purchases will be financed primarily noin the fin's cash and marketable securties. However, Davies-Lowry believes that Intercoastal needs to keep a minimum cash balance of $40 0o0. If necessary the remainder of the equipment purchases will be financed using short-term credit from a local bark. The minimum period for such a loan is inice months. Hanson believes short-term Interest rates will be 10 percent per year at the time of the equipment purchases. " a loan is necessary. Davies-Lowry has decided it should be paid off by the end of the first quarter If possible. B. Intercoastal's board of directors has Indicated on Intendon to declare and pay dividends or $10,000 on the last day of each quarter &. The Interest on my short-term borrowing all 31 for the preceding six-month period. repaid. Interest on Intercoastal's bonds is paid semiannually on January 31 and Juty 7. Property taxes are miannually on February 28 and August 31 for the preceding six month period Required Prepare Intercoastal Electronics Company's master budget for the first quarter of for by completing the cliowing schedules and statements 3. Cucumber January Fromaary Much Firm Quanar