QUESTION 1 Raptors company expects that out of total sales, it will have the following composition: Cash Sales 41% Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet Credit Card Sales 29% Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet Account Sales 30% Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet Credit card sales are collected in the month following the sale and have a credit card fee of This means that the fee is discounted from all credit card sales. Accounts sales are collected as follows: In the first month following sale 82% O Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet Second month following sale 8% O Sheel Kohly, 2020, Not to be posted on Chege, CourseHero, or anywhere on the internet Third month following sale 7% Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet never collected 3% Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet Sheel Kohly, 2020, Not to be posted on Chege, CourseHero, or anywhere on the internet The following is the company's projected sales for the first year of operations: Sheel Kohly, 2020, Not to be posted on Chess, CourseHero, or anywhere on the internet Month Sales January! $12,369,348 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet February $15,936,293 Sheel Kohly, 2020, Not to be posted on Chegs, CourseHero, or anywhere on the internet March $13,294,309 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet April $19,373,689 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet Mayl $20,957,566 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet June $18,874,717 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet July $21,747,839 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHiero, or anywhere on the internet August $14,908,534 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet September $11,984,398 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet October $18,894,535 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet November $21,983,545 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet December $20,408,367 Sheel Kohly, 2020, Not to be posted on Chegg. CourseHero, or anywhere on the internet REQUIRED Prepare a Cash Collections Budget showing the cash expected each month from the collections from these sales. Prepare the budget from April to September