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Question 3 (6 points) Glamping Inc sells tents. Sales of tents (in units) have been budgeted at the following levels for the upcoming months: Number

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Question 3 (6 points) Glamping Inc sells tents. Sales of tents (in units) have been budgeted at the following levels for the upcoming months: Number of tents budgeted to be sold in July 350 Number of tents budgeted to be sold in August 420 Number of tents budgeted to be sold in September 370 Number of tents budgeted to be sold in October 300 Glamping sells the tents for $499 each. The company's collection history shows that 20% of monthly sales are cash and the remaining 80% are on Credit. Of the credit sales, 60% are paid the month after the sale and 35% are paid two months after the sale. The remaining 5% are not collected. Required: Prepare a sales and cash collections budget for the month of September

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