2011 Ducation.com/ext/map/index.html?con-con&external browser=-08daunchurl=http%253A%2526%252F ssignment Seved Help Save & Exit Submit Check my work Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year $ Month May June July August Cash Expenses Sales Purchases Paid 93,eee $ 63,eee $ 24, eee 125, eee 86,eee 28,000 133, eee 120, eee 37,000 132,000 74,000 3e, see The majority of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on credit of the credit sales. 30 percent are collected in the month of sale and 70 percent are collected in the following month. All of Martin's purchases are on account with 50 percent paid in the month of purchase and 50 percent paid the following month Required: 1. Determine budgeted cash collections for July and August 2. Determine budgeted cash payments for July and August Complete this question by entering your answers in the tabs below. Prev Next > 14 of 15 !!! 100 arch con external_broveserslaunchurl-https%253A%252F%2529 OF Assignment Swed Help Save & Exit Submit Check my work The majority of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on credit of the credit sales 30 percent are collected in the month of sale and 70 percent are collected in the following month. All of Martin's purchases are on account with 50 percent paid in the month of purchase and 50 percent paid the following month, Required: 1. Determine budgeted cash collections for July and August 2. Determine budgeted cash payments for July and August. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cash collections for July and August. (Round your intermediate calculations and final answers to nearest whole dollar) July August Budgeted Cash Collections Required 2 > Next > 14 of 15 14 of 15