please answer all parts to both questions!! i will uplike! thank you in advance!!

first two pics are question 1 and second two ste question 2.

Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): July 31,500 October 21,500 August 73,000 November 8,000 September 42,000 December 8,500 The selling price of the beach umbrellas is $12 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $264,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: June 30 September 30 75,450 feet 7 feet June 30 September 30 75,450 feet 17 feet e. Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $48,920. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4 and 5 Req6 Calculate the estimated sales, by month and in total, for the third quarter. July August September Quarter Budgeted sales Reg 2 > Wolfpack Company is a merchandising company that is preparing a budget for the month of July. It has provided the following Information: Wolfpack Company Balance Sheet June 30 Assets Cash $ 81,800 Accounts receivable 69,600 Inventory 46,000 Buildings and equipment, net of depreciation 186,000 Total assets $ 383,400 Liabilities and Stockholders' Equity Accounts payable $ 62,400 Common stock 100,000 Retained earnings 221,000 Total liabilities and stockholders' equity $ 383,400 Budgeting Assumptions: 1. All sales are on account. Thirty percent of the credit sales are collected in the month of sale and the remaining 70% are collected in the month subsequent to the sale. The accounts receivable at June 30 ill be collected in July 2. All merchandise purchases are on account. Twenty percent of merchandise inventory purchases are paid in the month of the purchase and the remaining 80% is paid in the month after the purchase. The accounts receivable at June 30 will be paid in July 3. The budgeted inventory balance at July 31 is $36,700. 4. Depreciation expense is $3,720 per month. All other selling and administrative expenses are paid in full in the month the expense is incurred. 5. The company's cash budget for July shows expected cash collections of $100,500, expected cash disbursements for merchandise purchases of $72,900, and cash paid for selling and administrative expenses of $16,880. Required: 1. For the month of July, calculate the following: a. Budgeted sales b. Budgeted merchandise purchases c. Budgeted cost of goods sold d. Budgeted net operating income 2. Prepare a budgeted balance sheet as of July 31 Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 10 Required 1D Required 2 Calculate the budgeted sales for the month of July. Budgeted sales for July med ta Required 13 >