: The following various elements relate to Murphy's Inc's cash budget for October of the current year. For each item, determine the amount of cash that Murphy should receive or pay in October. a. At $24 each, unit sales are 10,000 and 12,000 for September and October respectively. Total sales are typically 30% for cash and 70% on credit, 40% of credit sales are collected in the month of sale with the balance collected in the next month. Merchandise purchases were $43,000 and $76,000 for September and October respectively. Typically, 20% of total purchases are paid for in the monthf purchase with a 5% cash discount. The balance of the purchase is paid for (without discount) in the following month. Fixed administrative expenses, which total $15,000 per month, are paid in the month incurred. Variable administrative expenses amount to 20% of total monthly sales revenue, 65% of which is paid in the month incurred with the balance paid in the following monthl b. c. Fixed selling expenses, which are $4,200 per month are paid in the month incurred. Variable selling expenses which are 5% of total sales revenue are paid d. in the month following their incurrence