#1 Silver Company and #2 Down Under Products. Please help!!

Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, a shown in the company's sales budget for the second quarter given below: From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 65% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $300,000, and March sales totaled $330,000. Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30 th? Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. Complete this question by entering your answers in the tabs below. What is the accounts receivable balance on June 30 th? Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the next four months as follows: The company is now in the process of preparing a production budget for the second quarter. Past experience has show that end-of-month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of Marcl was 11,400 units. Required: Prepare a production budget by month and in total, for the second quarter