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Retail outlets purchase snowboards from Skulas, Inc., throughout the year. However, in anticipation of late summer and early fall (click purchases, outlets ramp up inventories

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Retail outlets purchase snowboards from Skulas, Inc., throughout the year. However, in anticipation of late summer and early fall (click purchases, outlets ramp up inventories from May through August Outlets are billed when boards are ordered Invoices are payable within 60 days. From past experience, Skulas' accountant projects 40% of invoices will be paid in the month invoiced, The begin on a 12% 45% will be paid in the following month, and 15% of invoices will be paid two months after the month of invoice. The Average selling price per snowboard is S650. Read the Oi (Click the icon to view the additional information) Requirement 1. Prepare a cash budget for the months of July through September 2015 show supporting schedules for the calculation of rece Begin by calculating the collection of receviable for July through September 2015. (For amounts with a so balance, make sure to enter "o" in th Collections of Receivables July August September From sales in June July August September Total

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