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Requiredi "o*. De sute to chtert persertroges as whole numbers. be wure to enter percentages as whole numbers. Ia farnugha Pigreris provisied the following information for the month of octaber: a. Sales are budgeted to be 5157,000 . Atoot 85% of sales is cash; the remainder is on account. b. La farriolia expects that, on average, 70 of oredit sales will be paid in the month of sale, and 283 wie be paid in the following moeth. d. Most of the work is dooe by the omners, who typically withdraw 56,000 a month from the busness as their salary. (Nate- The 56,000 is a payment in total to the two awners; r her person.) Vancus part time workers cost $7,300 per month. They are paid for their work weekly, so on average 90% of their wages are paid in the menth ancured and thet, rensaining 10% in the bext month. . Uedities average $5,950 per month. Rent on the building is $4,100 per month. f. Insurance is poid quarterly: the next poyment of $1,200 is due in october. 9. September sales were $181,500 and purchases of food and supples in September equaled $130,000. h. The cash balance on October 1 is 52,147 . Fequired: 1. Calculate the cash receipts expected in October. x 2. Calculate the cash needed in October to pay for food purchases. 3. Prepare a cash budget for the month of October. sereninci) for the coming five cuarters are as foltome The woe peradent of sales belitves that the grojocted sales are remivac and can be adseved tyy the canipany Hequiced: S rosie Check My Woik uges reniaruitg How will Stillwater Designs use this sales budget? 1. Stillwater Designs will use the sales budget in plnning as the basis for the production budget. 2. The company can also compare actual sales against the budget to see if expectatiods were achieved. 3. Both 1 and 2 4. None of the above Requiredi "o*. De sute to chtert persertroges as whole numbers. be wure to enter percentages as whole numbers. Ia farnugha Pigreris provisied the following information for the month of octaber: a. Sales are budgeted to be 5157,000 . Atoot 85% of sales is cash; the remainder is on account. b. La farriolia expects that, on average, 70 of oredit sales will be paid in the month of sale, and 283 wie be paid in the following moeth. d. Most of the work is dooe by the omners, who typically withdraw 56,000 a month from the busness as their salary. (Nate- The 56,000 is a payment in total to the two awners; r her person.) Vancus part time workers cost $7,300 per month. They are paid for their work weekly, so on average 90% of their wages are paid in the menth ancured and thet, rensaining 10% in the bext month. . Uedities average $5,950 per month. Rent on the building is $4,100 per month. f. Insurance is poid quarterly: the next poyment of $1,200 is due in october. 9. September sales were $181,500 and purchases of food and supples in September equaled $130,000. h. The cash balance on October 1 is 52,147 . Fequired: 1. Calculate the cash receipts expected in October. x 2. Calculate the cash needed in October to pay for food purchases. 3. Prepare a cash budget for the month of October. sereninci) for the coming five cuarters are as foltome The woe peradent of sales belitves that the grojocted sales are remivac and can be adseved tyy the canipany Hequiced: S rosie Check My Woik uges reniaruitg How will Stillwater Designs use this sales budget? 1. Stillwater Designs will use the sales budget in plnning as the basis for the production budget. 2. The company can also compare actual sales against the budget to see if expectatiods were achieved. 3. Both 1 and 2 4. None of the above