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part 1 & 2 please Gustev Reeds, a manufacturee of saxcphone, obce, and ciarinet reeds, has projected tales to be $894,000 in October, $954,000 in

part 1 & 2 please image text in transcribed
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Gustev Reeds, a manufacturee of saxcphone, obce, and ciarinet reeds, has projected tales to be $894,000 in October, $954,000 in Norember, $1,065,000 in Docomber, and $932,000 in January. Gustev's syes are 25\% cash and 75% credt. The company's collection history indicates that credit sales are colecled as follows: 20% in the month of the saie 65% in the month afler the sale 10\% two months after the saie 5 s. are never collected Requirements 1. Prepare a sales budget for all four months, showing the treakdown between cach and credi saies. 2. Prepare a cash collection budget for December and January. Reund at anwaers up to the nearest dotar Requirement 1. Pregare a sales budget for all four months, showing the breskdown betweec cash and crest saves. Requirement 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar

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