Question

Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018: April May June $313,000 $293,000 $353,000 121,000 144,000 169,000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 43,300 10.300 73,000 10,800 10.300 136,000 62,300 10.300 0 The company predicts that 5 percent of its credit sales will never be collected, 45 percent of its sales will be collected in the month of the sale, and the remaining 50 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2018, credit sales were $183,000 and credit purchases were $123.000. Using this information, complete the following cash budget: (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) May June April 116,000 Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance

Answer 1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

1 Ale ? v E L 02-27 ENG 23-02-2020 1 11 HA36 HA HB HC | HD HE HE HG HH HI HI HK - NASHVILLE MARCH 183000 82350 CREDIT SALES 45% COLLECTION IN SAME MONTH 50% IN NEXT MONTH CASH COLLECTIONS APRIL 313000 140850 91500 232350 MAY 293000 131850 156500 288350 JUNE 353000 158850 146500 305350 82350 NOTE 1 OUT OF TOTAL CREDIT SALES 45% IS COLLECTED IN SAME MONTH AND 50% IN NEXT MONTH NOTE 2 PURCHASE IS PAID AFTER A MONTH PAYMENT OF MARCH WILL BE MADE IN APRIL ... CASH BUDGET budget 45 days cycle ROE, BV MV ratio VARIANCE BEP, OL FL ratios DETROIT float B-S profit loss SALES BUDGET dupont ...

1 Ale ? v E L 02-27 ENG 23-02-2020 1 11 HA77 HA HB HC | HD HE HE HG HH HI HI HK - CASH BUDGET APRIL MAY JUNE 116000 98750 109000 232350 348350 288350 387100 305350 414350 BEGINNING CASH BALANCE CASH RECEIPTS CASH COLLECTIONS TOTAL CASH AVAILABLE CASH DISBURSEMENTS PURCHASES WAGES, TAXES AND EXPENSES INTEREST EQUIPMENT PURCHASES TOTAL CASH DISBURSEMENTS ENDING CASH BALANCE 144000 62300 10300 123000 43300 10300 73000 249600 98750 121000 10800 10300 136000 278100 109000 216600 197750 A-B 77 ... CASH BUDGET budget 45 days cycle ROE, BV MV ratio | VARIANCE BEP, OL FL ratios DETROIT float B-S profit loss SALES BUDGET dupont ... :

Answer 2

Where do we find beginning cash balance for April, is it given or what?