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please i need all solve completing now please help me i don't now how i can do it all all and new solve Question No.
please i need all solve completing now please help me i don't now how i can do it all all and new solve Question No. 2: (L05) MJ Electronics Company's actual sales and purchases for April and May are shown here, along with forecasted sales and purchases for June through September April (actual) May (actual) June (forecast) July (forecast) August (forecast) Sales 573,248 542,261 503,528 503,528 526,768 September (forecast) 588,741 Purchase April (actual) May (actual) June (forecast) July (forecast) August (forecast) September (forecast) The company makes 20 percent of its sales for cash and 80 percent on credit. Of the credit sales, 50 percent are collected in the month after the sale, and 50 percent are collected two months later. Archer pays for 20 percent of its purchases in the month after purchase and 80 percent two months after. 240,144 224,651 224,651 317,610 348,596 340,850 Labor expense equals 15 percent of the current month's sales. Overhead expense equals $12,500 per month. Interest payments of $32,500 are due in June and September. A cash dividend of $52,500 is scheduled to be paid in June. Tax payments of $25,500 are due in June and September. There is a scheduled capital outlay of $350,000 in September. Archer Electronics' ending cash balance in May is $22,500. The minimum desired cash balance is $10,500. Prepare a schedule of monthly cash receipts, monthly cash payments, and a complete monthly cash budget with borrowing and repayments for June through September. The maximum desired cash balance is $50,500. Excess cash (above $50,500) is used to buy marketable securities. Marketable securities are sold before borrowing funds in case of a cash shortfall (less than $10,500)
please i need all solve completing now please help me i don't now how i can do it all all and new solve
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