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Question Toronto Blue Jays manufactures baseballs for which peak sales occur in August of each year. The company is now preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: The marketing department has estimated sales as follows for the remainder of the year (in units): \begin{tabular}{|l|r|} \hline July & 4,000 \\ \hline August & 6,000 \\ \hline September & 5,000 \\ \hline October & 2,000 \\ \hline \end{tabular} All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $25,000. The company maintains finished goods inventories equal to 15 percent of the following month's sales. This requirement will be met at the end of June. Required: a) Sales budget for each of the months of July and August. b) The schedule of expected cash collection in July and August from sales. c) The production budget for each of the months of July and August