the sales forecast for JSX2D Inc. for the following six months is as follows

PROBLEM #1: The sales forecast for JSX2D Inc, for the following six months is as follows January February March April May June July August Forecasted sales (in units) 500 600 750 680 520 625 660 700 Additional Information: The product sells for $50 per unit. 10% of sales are cash sales 90% of sale are credit sales Collection history for the credit sales is as following: 15% are collected in the month of sale B0% are collected in the month following the sale 5% are never collected Required (Show All calculations): 1. Calculate total monthly sales revenue. (5 points) 2. How much of each month's sales are for cash? (5 points) 3. How much of each month's sales are on credit? (10 points) 4. Prepare a cash collections forecast for May June and July (25 points) 5. Prepare a cash budget for the month of June given the following information: A Ending balance on May 31 is $ 25,000 B. Cash disbursements for all raw materials in June Is $ 20,000 C. All labor costs are paid half in the month worked and half in the following month, Labor costs are expected to be $18,000 in May and $14,000 in June. D. All other cash disbursements for the month of June are $10,000 E. The company requires a minimum $20.000 cash balance at the end of the month. They have an operating line of credit and can borrow in $1.000 increments at the beginning of each month. At the end of May the company had no outstanding borrowings