Ryan projects monthly revenues for 2021 as follows: January February March April May June $350,000 400,000 225,000 350,000 375,000 300,000 July $350,000 August 375,000 September 400,000 October 450,000 November 300,000 December 425,000 The company typically receives payment on 50% of the sales during the month of the sale, 30% the month following the sale, and 20% is collected the second month after the sale. What amount represents the expected cash collection during August, September and October of 2021? 10. 11. Cash collected August Cash collected September Cash collected October 12. Kiddie Tricycle makes Tricycles for children. The company uses 3 wheels for each tricycle manufactured. The production budget (already completed) calls for the company to make 1,000 tricycles in April, 1,200 in May, 1,800 in June and 1,000 in July The company would like to maintain 30% of the current month's sales in beginning inventory each month, (which is the same as maintaining 30% of next month's sales in ending inventory). Determine how many wheels the company would need to purchase during each of the following months: 13. April 14. May 15. June