includes april, may, june and total

Novak Instruments, a rapidly expanding electronic parts distributor, is formulating its plans for 2022. Edward Lewis, the firm's director of marketing, has completed his 2022 forecast and is confident that the company will meet or exceed sales estimates. The following sales figures show the growth that is expected and are the basis for planning in the other corporate departments: Anthony Lee, assistant controller, is responsible for the cash flow projection, a critical element during a period of rapid expansion. She will use the following information in preparing her cash analysis: 1. Novak has experienced an excellent record in accounts receivable collection and expects this trend to continue. The company collects 50% of billings in the month after the sale and 50% in the second month after the sale. Uncollectible accounts are nominal and can be ignored in the analysis. 2. The purchase of electronic parts is Novak's largest expenditure; the cost of these items is equal to 60% of sales. Novak receives 40% of the parts one month before it sells them and 60% during the month of sale. 3. Historically, Novak has cleared 60% of the accounts payable one month after it receives its purchases, and the remaining 40% two months after. 4. Hourly wages, including fringe benefits, depend on the sales volume; they are equal to 20% of the current month's sales. The company pays these wages in the month incurred. 5. General and administrative expenses are projected to be $3,272,500 for 2022 . The composition of these expenses is given below. The company incurs all of these expenses uniformly throughout the year, except for property taxes. It pays the property taxes in four equal instalments in the last month of each quarter: 1 Novak Instruments, a rapidly expanding electronic parts distributor, is formulating its plans for 2022. Edward Lewis, the firm's director of marketing, has completed his 2022 forecast and is confident that the company will meet or exceed sales estimates. The following sales figures show the growth that is expected and are the basis for planning in the other corporate departments: Anthony Lee, assistant controller, is responsible for the cash flow projection, a critical element during a period of rapid expansion. She will use the following information in preparing her cash analysis: 1. Novak has experienced an excellent record in accounts receivable collection and expects this trend to continue. The company collects 50% of billings in the month after the sale and 50% in the second month after the sale. Uncollectible accounts are nominal and can be ignored in the analysis. 2. The purchase of electronic parts is Novak's largest expenditure; the cost of these items is equal to 60% of sales. Novak receives 40% of the parts one month before it sells them and 60% during the month of sale. 3. Historically, Novak has cleared 60% of the accounts payable one month after it receives its purchases, and the remaining 40% two months after. 4. Hourly wages, including fringe benefits, depend on the sales volume; they are equal to 20% of the current month's sales. The company pays these wages in the month incurred. 5. General and administrative expenses are projected to be $3,272,500 for 2022 . The composition of these expenses is given below. The company incurs all of these expenses uniformly throughout the year, except for property taxes. It pays the property taxes in four equal instalments in the last month of each quarter: 1