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PrimeTime 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: $51\%$ in the month after the sale is made

and $46\%$ 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

In the subsequent month

PrimeTime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of

the firm, follows:

Cash on hand June $30$ is estimated to be $$40,220.$ Collections of June $30$ accounts receivable were estimated to be

$$19,910$ in July and $$15,050$ in August. Payments of June $30$ accounts payable and accrued expenses in July were

estimated to be $$24,450.$

b$.$ What is your advice to management of PrimeTime Sportswear?

Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct

answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark

will be automatically graded as incorrect.

Secure more finance through sale of bonds

Accelerate the collection of accounts receivable

$?$ Slow down the collection of accounts receivable

$?$ Accelerate the payments of accounts payable

$?$ Slow down the payment of accounts payable