* Question 3: Problem 14.LO2.8 (similar to) Question Help Settings Ubi Soft Entertainment is one of the top ten video game publishers in the world The company is in the process of developing its cash budget for the critical pre-Christmas period (August November) when it makes about 60% of its sales 15% of sales are cash 45% are credit and collected the following month and the remainder is collected two months after the sale Purchases of raw materials are made in the month prior to the expected sale and average 65% of expected sales Purchases are paid for in the month following the purchase Overhead administration and other expenses are expected to be $251,000 in August and increase by $23,000 in each of the subsequent months Taxes are $37.000 per month Interest is $5,000 per month Cash on hand on July 31 is $41,000 The company likes to maintain a minimum cash balance of $41,000 each month. Actual sales for June and July as well as forecasted sales to the end of the year are provided in the table to the right > Complete the partial cash budget below (Round to the nearest dollar) AUG Sales Forecast S Cash Collections S * Question 3: Problem 14.LO2.8 (similar to) Question Help Settings Ubi Soft Entertainment is one of the top ten video game publishers in the world The company is in the process of developing its cash budget for the critical pre-Christmas period (August November) when it makes about 60% of its sales 15% of sales are cash 45% are credit and collected the following month and the remainder is collected two months after the sale Purchases of raw materials are made in the month prior to the expected sale and average 65% of expected sales Purchases are paid for in the month following the purchase Overhead administration and other expenses are expected to be $251,000 in August and increase by $23,000 in each of the subsequent months Taxes are $37.000 per month Interest is $5,000 per month Cash on hand on July 31 is $41,000 The company likes to maintain a minimum cash balance of $41,000 each month. Actual sales for June and July as well as forecasted sales to the end of the year are provided in the table to the right > Complete the partial cash budget below (Round to the nearest dollar) AUG Sales Forecast S Cash Collections S