Question: Please help me with both questions Silver Comparly makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in

Please help me with both questions
Please help me with both questions Silver Comparly makes a product that
is very popular as a Mother's Day gift. Thus, peak sales occur
in May of each year, as shown in the company's sales budget
for the second quarter given below: From past experience, the company has

Silver Comparly makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as 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. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter 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. 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 tour months as follows: The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of month inventory levels must equal 10\% of the following month's unit sales. The inventory at the end of March was 5.600 units. Required: Prepare a production budget by month and in total, for the second quarter

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