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What Was All That One in a Million Talk, Inc. is a manufacturer master budget: cross country mopeds. The following informatio

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Answer #1

Answer to Question 1.
Projected Cash Receipts in May = (May Sales * 60%) + (April Sales * 38%)
Projected Cash Receipts in May = ($166,000 * 60%) + ($178,000 * 38%)
Projected Cash Receipts in May = $99,600 + $67,640
Projected Cash Receipts in May = $167,240

Answer to Question 2.
Projected Cash Payment to Supplier in May = (May Purchases * 40%) + (April Purchases * 60%)
Projected Cash Payment to Supplier in May = ($160,000 * 40%) + ($154,000 * 60%)
Projected Cash Payment to Supplier in May = $64,000 + $92,400
Projected Cash Payment to Supplier in May = $156,400

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