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I have done some of this problem. If someone could help me with what is not done. I have posted this quesiton 3 times and

I have done some of this problem. If someone could help me with what is not done. I have posted this quesiton 3 times and I keep getting wrong answers posted. image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Haas Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, 2015. The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks Required a. & b. October sales are estimated to be $250,000, of which 40 percent will be cash and 60 percent will be credit. The company expects sales to increase at the rate of 8 percent per month. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a sales budget and a schedule of cash receipts. October November December Sales Budget s 100,000 S 108,000 s 116,640 Cash sales 174,960 162,000 Sales on account 150,000 S S Total budgeted sales 250,000 270,000 291,600 Schedule of Cash Receipts s 100,000 S 108,000 S 116,640 Current cash sales 0 150,000 Plus collections from AVR 162,000 100,000 258,000 278,640 Total collections

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