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Please I need some help with this home work. Thank you! a-2. What are the prospects for this company if its sales growth continues at

Please I need some help with this home work. Thank you!

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a-2. What are the prospects for this company if its sales growth continues at a similar rate? Prospects are good Prospects are not good b-1. Assume now that PrimeTime Sportswear is a mature firm, and that the September-November data represent a seasonal peak in business. Prepare a cash budget for December, January, and February, assuming that the income statements for January and February are the same as December's. (Beginning cash should be indicated with a minus sign if it is a negative amount.) December January February Beginning cash Cash receipts: October sales November sales December sales January sales Total cash receipts $ o $ $ 0 Cash disbursements: November purchases December purchases January purchasesRequired: a-1. Prepare a cash budget for October and November. (Beginning cash shoul amount.) October November Beginning cash Cash receipts: August 31 accounts receivable September sales October sales November sales Total cash receipts $ 0 $ Cash disbursements: September purchases October purchases November purchases September operating expenses October operating expenses November operating expenses Total cash disbursements $ 0 $ Ending cash $ 0 0PrimeTime Sportswear is a custom imprinter that began operations six months ago. Sales have exceeded management's most optimistic projections. Sales are made on account and collected as follows: 50% in the month after the sale is made and 45% in the second month after sale. Merchandise purchases and operating expenses are paid as follows: In the month during which the merchandise is purchased or the cost is incurred 75% In the subsequent month 25% PrimeTime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of the firm, follows: September October November December Sales $ 42, 000 $ 54, 000 $ 68, 000 $ 59, 000 Cost of goods sold: Beginning inventory $ 6,000 $ 14, 400 $ 20, 600 $ 21, 900 Purchases 37 , 800 44, 000 48, 900 33 , 100 Cost of goods available for sale $ 43 , 800 $ 58, 400 $ 69, 500 $ 55, 000 Less: Ending inventory (14, 400) (20, 600) (21, 900) (20, 000) Cost of goods sold $ 29 , 400 $ 37 , 800 $ 47 , 600 $ 35 , 000 Gross profit $ 12, 600 $ 16, 200 $ 20, 400 $ 24, 000 Operating expenses 10 , 500 12, 800 14, 300 16, 100 Operating income $ 2, 100 $ 3, 400 $ 6, 100 $ 7, 900 Cash on hand August 31 is estimated to be $40,000. Collections of August 31 accounts receivable were estimated to be $20,000 in be $24,000. September and $15,000 in October. Payments of August 31 accounts payable and accrued expenses in September were estimated to Required

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