This courses Participants In preparation for the quarterly cash budget, the following revenue and cost information have been compiled. Month Sales Purchases August $3,000,000 $3,500,000 September $4,500,000 $2,000,000 October $1,000,000 $ 500,000 November $1,500,000 $ 750,000 December $2,000,000 $1,000,000 Prepare: 1- A Schedule of Projected Cash Receipts for the months of October, November, and December. The firm collects 60 percent of sales for cash and 40 percent of its sales one month later. Interest Income of $40,000 on marketable securities will be recelved in December The firm pays cash for 40 percent of its purchases. The firm pays for 60 percent of its purchases the following month. The firm pays dividends of $50,000 at the end of December Depreciation expense each month of $45,000 The firm has a beginning cash balance in October of $100,000 and maintains a minimum cash balance of $200,000. In preparation for the quarterly cash budget, the following revenue and cost information have been compiled. Month Sales Purchases August $3,000,000 $3,500,000 September $4,500,000 $2,000,000 October $1,000,000 $ 500,000 November $1,500,000 $ 750,000 December $2,000,000 $1,000,000 Prepare: 1- A Schedule of Projected Cash Disbursements for the months of October, November, and December The firm collects 60 percent of sales for cash and 40 percent of its sales one month later, Interest income of $40,000 on marketable securities will be recelved in December The firm pays cash for 40 percent of its purchases. The firm pays for 60 percent of its purchases the following month. The firm pays dividends of $50,000 at the end of December Depreciation expense each month of $45,000. The firm has a beginning cash balance in October of $100,000 and maintains a minimum cash balance of $200,000