The Amber Magic Shoppe has forecast its sales revenues and purchases for the l

The Amber Magic Shoppe has forecast its sales revenues and purchases for the last 5 months of 200x to be as follows: (12 points)

65% of sales are on credit. On the basis of past experience 50% of the accounts receivable are collected the month after the sale and the remainder are
collected 2 months after the sale. Purchases are paid 30 days after they are incurred. The firm had a cash balance of $5000 as of September 30th and its
minimum required cash balance is $4000. It had no beginning loan balance. Prepare a cash budget for October November and December.