The answer is also attached bellow but can you explain it more.

a. c. . Cash Budget X Company needs a cash budget for the month of November. The following is available: Cash balance on November 1 is $6,000 b. Sales for October and November are $80,000 and $60,000 respectively. Cash collections on sales are 30% in the month of sale and 65 % in the month after the sale: 5% of sales are uncollectible. General expenses budgeted for November are $25,000 (depreciation represents $2,000 of this amount). Inventory purchases will total $30,000 in October and $40,000 in November. The company pays for half of its inventory purchases in the month of purchase and the other half the month after purchase. The company will pay $4,000 in cash for office furniture in November. Sales commissions for November are budgeted at $12,000. f. The company maintains a minimum ending cash balance of $4,000 and can borrow from the bank in multiples of $100. All loans are repaid after 60 days. Prepare a cash budget for the month of November d. e. 8#1 # Budget CR (CP) 10,00 (74,000) (4.000) 6,000 2000 in Cash + Big Bal End Bal + Iron * 2.000 34,00