Need help on any part, doesnt have to be all if you dont perfer. will rate if all are answered.

Complete this question by entering your answers below. The company expects to collect 100 percent of the accour generated by credit sales in the month following the sale. schedule of cash receipts. Complete this question by entering your answers below. Thornton borrows funds, in increments of $1,000, and re last day of the month. Repayments may be made in any available. The company also pays its vendors on the last month. It pays interest of 2 percent per month in cash or the month. To be prudent, the company desires to maint cash cushion. Prepare a cash budget. (Any repayments sl indicated with a minus sign.) Complete this question by entering your answers in the Prepare a pro forma statement of cash flows for the quarter. outflows should be indicated with a minus sign.) 'The capital expenditures budget indicates that Thornton will spend $167,000 on October 1 for store fixtures, which are expected to have a $35,000 salvage value and a two-year (24-month) useful life. Use this information to prepare a selling and administrative expenses budget. 6. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Thornton borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $27,000 cash cushion. Prepare a cash budget. h. Prepare a pro forma income statement for the quarter. i. Prepare a pro forma balance sheet at the end of the quarter. j. Prepare a pro forma statement of cash flows for the quarter. Complete this question by entering your answers it below. October sales are estimated to be $400,000, of which 40 cash and 60 percent will be credit. The company expects at the rate of 30 percent per month. Prepare a sales budc Complete this question by entering your answers it below. Utilities and sales commissions are paid the month after t incurred; all other expenses are paid in the month in whic incurred. Prepare a cash payments budget for selling and expenses. Complete this question by entering your answers below. The company pays 70 percent of accounts payable in the purchase and the remaining 30 percent in the following cash payments budget for inventory purchases. (Round to the nearest whole dollar amounts.) Required a. October sales are estimated to be $400,000, of which 40 percent will be cash and 60 percent will be credit. The company expects sales to increase at the rate of 30 percent per month. Prepare a sales budget. b. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a schedule of cash receipts. c. The cost of goods sold is 70 percent of sales. The company desires to maintain a minimum ending inventory equal to 20 percent of the next month's cost of goods sold. However, ending inventory of December is expected to be $13,500. Assume that all purchases are made on account. Prepare an inventory purchases budget. d. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the following month. Prepare a cash payments budget for inventory purchases. 3. Budgeted selling and administrative expenses per month follow. -The capital expenditures budget indicates that Thornton will spend $167,000 on October 1 for store fixtures, which are expected to have a $35,000 salvage value and a two-year (24-month) useful life. Use this information to prepare a selling and administrative expenses budget. 6. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. g. Thornton borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in Complete this question by entering your answers in th Prepare a pro forma income statement for the quarter. Complete this question by entering your answers in the Prepare a selling and administrative expenses budget. Complete this question by entering your answers in the Prepare a pro forma balance sheet at the end of the quarter. deducted should be indicated by a minus sign.) Complete this question by entering your answers it below. The cost of goods sold is 70 percent of sales. The compar maintain a minimum ending inventory equal to 20 percen month's cost of goods sold. However, ending inventory of expected to be $13,500. Assume that all purchases are r Prepare an inventory purchases budget