omework

Required

Q$-1.$ Based on the following information, prepare a sales budget and a schedule of cash recelpts for October, November, and December. Sales for October are expected to be $$195,000,$ consisting of $$43,000$ in cash and $$152,000$ on credit The company expects sales to Increase at the rate of $10$ percent per month. All accounts recelvable are collected in the month following the sale.

Q$-2.$ Based on the following Information, prepare a purchases budget and a schedule of cash payments for Inventory purchases for October, November, and December. The Inventory balance as of October $1$ was $$41,500.$ Cost of goods sold for October is expected to be $$73,500.$ Cost of goods sold is expected to Increase by $10$ percent per month. The company expects to maintaln a minimum ending Inventory equal to $20$ percent of the current month cost of goods sold. Seventy$-$five percent of accounts payable Is paid in the month that the purchase occurs; the remaining $25$ percent is paid in the following month.

a$-3.$ Based on the following selling and administrative expenses budgeted for October, prepare a selling and administrative expenses budget for October, November, and December.

$\backslash$table$[[,],[$Sales commissions $(10\%$ increase per month$),$$$7,200$