Managerial accounting Exercise The MIMO enterprise for the commerce communicates to you the following situations for the establishment of its forecasted budget of the first quarter of the year 2010 : Budget of purchase for tha firet auarter 2010 avalue in S, Purchases will be settled 45% cash and the rest after one month of the end of the month of purchases. Budget of sales for the first quarter 2010 before discount "value in S " - The enterprise grants to its clients a discount of 10% of its sales and the net will be collected 60% cash and the rest during the next month. - The enterprise hires 6 workers, where each one gets a monthly salary of $800 which will be paid by the end of each month. - Monthly various charges $450 of which yearly depreciation expenses amount to $600. - On 12/02/2010, furniture will be sold cash, already purchased for $15000, at the rate of 40% of the purchase price. Some information extracted from the balance sheet: Required: 1. Prepare the budget of collection for the first quarter of the year 2010. 2. Prepare the budget of payments for the first quarter 2010. 3. Prepare the cash flow budget for the first quarter of the year 2010