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 210 hours in your first month and 390 hours in your second month of business. You charge your customers $21 per hour. You plan on collecting 90% of your sales in the month you mow the lawn and the remainder in the following month. Calculate the amount of cash collections in your second month of business 0.5 points Save An QUESTION 8 Pasta Disasta, Inc. is preparing its master budget for its first quarter of business. It expects to sell 3,000 plzzas per month. It will purchase enough pizzas so that 100 pizzas are in inventory at all times. The pizza is expected to cost $4 per pizza. It expects to pay 70% in the month of purchase and the remainder in the following month. Calculate the amount of budgeted purchases for its first quarter. 0.5 points Save Anne