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Problem II Seeds and Nuts Company is a family owned, independent roaster and seller of seeds and nuts in Southern California. During March, the company plans to sell 10,000 pounds of roasted almonds at $12.00/lb. Internet sales account for 50% of total sales and are paid for by customers when they place their orders. Of the remaining 50%, three fifths are paid for in the month of sale and two fifths in the month following the sale. In February, roasted almonds sales are expected to total S99,600 The company pays for 4 0% of its raw almonds in the month of purchase and the remaining 60% in the month following the purchase. February's purchases of raw almonds are expected to total $25,000 Variable selling and administrative expenses are 20% of sales, and fixed administrative expenses are $30,000 per month. Both are paid in the month incurred, as are direct labor costs and manufacturing overhead. In March, the company must make a $30,000 interest payment t on its long-term loan, of which $5,000 is At the end of February, the company's cash balance is expected to be $14,000. The company must maintain a minimum cash balance of $12,000 as a condition of a long-term loan. Any cash required to maintain the minimum balance can be borrowed in $1,000 increments at a 12% annual interest rate. Interest is paid only when principal is repaid, but it is accrued at the end of each month. im sider nc Nu has requested the following information a) Prepare Seeds and Nuts Company's cash receipts budget for March b) Prepare Seeds and Nuts Company's cash payments for purchases budget for March c) Prepare Seeds and Nuts Company's cash budget for March

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