Using the enclosed Cash Budgeting Worksheet, complete the Monthly Cash Receipts and Monthly Cash Payment Shedules.

using the enclosed cash budgeting worksheet, complete the monthly cash payment schedules.

Aether filectavinis 6 Cath Retavis Behatute Auker finerbinats Assignment 2 - Cash Budgeting Archer Electronics Company's actual sales and purchases for April and May are shown here along with forecasted sales and purchases for June through September. The company makes 10 percent of its sales for cash and 90 percent on credit. Of the credit sales, 20 percent are collected in the month after the sale and 80 percent are collected two months later. Archer pays for 40 percent of its purchases in the month after purchase and 60 percent two months after. Labor expense equals 10 percent of the current month's sales. Overhead expense equals $12,000 per month. Interest payments of $30,000 are due in June and September. A cash dividend of $50,000 is scheduled to be paid in June. Tax payments of $25,000 are due in June and September. There is a scheduled capital outlay of $300,000 in September. a) Using the template below prepare the Cash Receipt Schedule Archer Electronics Cash Recelpts Schedule b. Using the template below, prepare the monthly Cash Payments Schedule Archer Electronics Cash Payments Schedule Interest Payments Cash Dividend Taxes Capital Outiay Total Cash Payments \begin{tabular}{lllll} \hline$0 & $0 & $0 & $0 \\ \hline \end{tabular}