Question: How should I work on question 3 and 4? 3. A clothing wholesaler is preparing its sales budget for the last quarter of 20XX. Sales

How should I work on question 3 and 4?

3. A clothing wholesaler is preparing its sales budget for the last quarter of 20XX. Sales forecast is as follows: Month Oct Nov Dec Sales Forecast $280,000 $330,000 $310,000 Sales are 70% cash and 30% on credit. All the credit accounts are collected in the month after sales. No uncollectible accounts are anticipated. Accounts receivable at the beginning of October 20XX is $90,000. Fill in the table below to determine the; (a) Cash collection for November and December 20XX. (b) Account receivable as at 30 Nov 20XX and 31 Dec 20XX.4. TPN Ltd ("TPN") has the following Purchase Budget (Extract). TPN Ltd Purchase Budget (Extract) Sep 2019 Oct 2019 Nov 2019 Budgeted Purchase $8, 100 $5,000 $6,000 following month. TPN pays 60% of each month's purchase in the same month and pays the remainder in the Determine the following for Oct and Nov 2019 and show all relevant workings: (a) The amount of Cash Disbursement. (b) The amount of Accounts Payable

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