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i need help with 8-6, not sure where to get started thank you. ...

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Accounting

i need help with 8-6, not sure where to get started thank you.
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8-5. Using the information in problem 184, find Nire's upper limit for the cash account according to the Miller-Orr model. Cash Inflows 8-6. Marion Crane, a financial analyst of Lifelong Appliances Company, is trying to develop a cash budget for each month of 2022 . The sales are expected to occur as follows: Assume all of Lifelong's sales are on credit, so no cash is received immediately when a sale is made. It is expected that 20 percent of Lifelong's customers will pay off their accounts in the month of sale, 70 percent will pay off their accounts in the month following the sale, and the remaining 10 percent of the customers will pay off their accounts in the second month following the sale. Given this payment pattern, help Marion in calculating Lifelong's actual monthly cash collections throughout 2022. Cash Inflows 8-7. Use the same sales data given in problem 18-6. To improve the cash collections, ( ) arion has decided to undertake stricter credit terms. With this change she of > ) of

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