Your Mom is Proud of You (YMPY) is preparing their cash budget for the upcoming month of August. Based on historical trends, YMPY estimates that 20% of all sales are paid in cash, with the remaining 80% being paid on credit. Of the credit sales, 60% is collected in the month after the sale, and 40% two months after the sale. Sales information has been provided below:  o July sales $346,000 o Expected August sales $220,000 YMPY pays for all operating expenses on credit. 70% of their expenses require cash payment in the month immediately following the expense, and the remaining 30% two months following the expense. Operating expense information has been provided below:  o July expenses $98,000 o Expected August expenses $72,000 Using the information provided, answer the following questions. What is the budgeted August cash outflows?

Need help with this

Vishnu

Paddle Up, a retailer of paddle boards, has provided you with the following information: Budgeted Sales (units) February 2022 150 March 2022 110 April 2022 70 a) Paddle Up sells each board for $400 and purchases each board for $250. b) Paddle Up plans to maintain inventory on hand at the end of each month to be 20% of next month's sales volume. You can assume this to be the situation at the end of January 2022. c) 40% of sales are made on cash basis with the remaining 60% - on credit. All credit sales are collected in the month following the sale. d) 50% of inventory purchases are made on cash basis with the remaining 50% - on credit. All credit purchases are paid in the month following the purchase. e) The following cash expenses are incurred on a monthly basis: Rent ($5,300); Wages ($5,400); Utilities ($2,100); Insurance ($600). The business also recognises $3,000 of depreciation expense each month. f) The monthly drawings by the owner Paddle Up include: $2,000 cash and 1 board for…