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question 6 and 7 please Piece of Pizza Company is preparing its master budget for its first year of business. It expects to sell 5,000

question 6 and 7 please
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Piece of Pizza Company is preparing its master budget for its first year of business. It expects to sell 5,000 pizzas at $9 per pizza per month. It expects to collect 95% of the sales in the month of the sale and 5% in the following month. Calculate its accounts receivable balance at the end of its first month. QUESTION 7 You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 80 hours in your first month and 260 hours in your second month of business. You charge your customers $15 per hour. Your anticipated costs include: You plan on collecting 90% of your sales in the month you mow the lawn and the remainder in the following month. Calculate the accounts receivable balance at the end of your second month of business

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