Take me to the text Melanie Inc. provides you with the following budgeted information for two months in the current year. Expectations: - Cash sales represent 15% of total sales - All sales on account are collected in the following month - 65% of March's $100,000 worth of capital expenditures is to be paid at the end of March. The remainder is to be paid in the following month. April's capital expenditure will be paid in May. - Monthly amortization represents 20% of general and administration costs - Inventory costs and general and administration costs are to be paid in the month in which they are incurred - Dividends of $9,000 are expected to be declared in March and paid in April Do not enter dollar signs or commas in the input boxes. Use the negative sign for any cash deficit, Prenare a cash hudaet for March and Anril. Take me to the text Lee Verly will be opening his company called LV Catering in January of the next year. He predicts that January, February and March will generate $115,000, $150,000 and $200,000 worth of sales respectively. The company expects to sell 45% of its products for cash. Of the sales on account, 55% are expected to be collected in the month of the sale, 30% in the month following the sale and the remainder in the following month. Prepare the cash receipts section of the cash budget. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Take me to the text Wells Catering Inc. is a caterer of corporate lunches and events. The following is Wells's sales forecast by quarter for the upcoming year. In addition, sales in Q3 and Q4 of 2019 totaled $135,000 and $203,000 respectively. According to the company's sales records, all revenue is invoiced (i.e. credit sales). Assume the following historical trends were noted by management regarding credit sales: - 48% of credit customers pay during the quarter in which the sale took place - 34% of credit customers pay in the quarter immediately following the quarter of sale - 18% of credit customers pay in the second quarter following the quarter of sale Do not enter dollar signs or commas in the input boxes. Prepare a schedule of cash receipts on a quarterly basis