please help, responces already only are incorrect and not helpful.

mework (Los 56) Saved Help Save & Exit Check my 12 Required information [The following information applies to the questions displayed below] Camden Company is a retail company that specializes in Selling outdoor camping equipment. The company is considering opening a new store on October 1 year 1. The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have beert assigned the following tasks, OR nes Required a October sales are estimated to be $125,000, of which 40 percent will be cash and 60 percent will be credit The company expects sales to increase at the rate of 8 percent per month Prepare a sales budget. b. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale Prepare a schedule of cash receipts. c. The cost of goods sold is 60 percent of sales. The company desires to maintain a minimum ending inventory equal to 10 percent of the next month's cost of goods sold. However , ending inventory of December is expected to be $6,000. Assume that all purchases are made on account. Prepare an inventory purchases budget d. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the following month Prepare a cash payments budget for inventory purchases e. Budgeted selling and administrative expenses per month follow . $700 Salary expense (fixed) $9.000 Sales commissions 5x bf Sales Supplies expense 2% of Sales utilities (fixed) Depreciation on store fixtures (fixed) $2,eee Rent (fixed) $2,400 Miscellaneous (fixed) "The capital expenditures budget indicates that Camden will spend $82,000 on October 1 for store fixtures, which are expected to have a $10,000 salvage value and a three-year (36 month) useful life Use this information to prepare a selling and administrative expenses budget 5 600 f. Uulities and sales commissions are paid the month after they are incurred all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses g. Camden borrows funds, in increments of S1000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $6,000 cash cushion Prepare a cash budget Complete this question by entering your answers in the tabs below