1 The mit af inchiorat inwihar =120 Solid State sells electronic products. The controller is revpont ble for preparing the master budget and has accumulated the information belowfor the months of January, February, and March. Bsiances at January 1 are expected to be as follows The budget is to be based on the following assumptions 1. Each month's sales are bilied on the last day of the month. 2. Customers are allowed a 3\% ditcount if their payment is made within 10 days after the biling date Receivables are booked at gress. 3. The company collects 60% of the bining within the dicount period. 25% ty the end of the month after the date of 5 sie, and 916 by the end of the second month after the date of sale 69 prove uncoliectible. 4. It pays 545 of all materiais purchases and theseling general and adminiatrative expenses in the month purchased and the remainder in the following mont. Each month's units co ending inventory are equal to 130 si of the next month's units of sales. 5. The cost of each unit of imventory is $20. 6. Selling. general, and administrative expenses, of which 52.000 is for depreciation, are equal to 15% of the current rionth's males. 7. Actual and projected saies are as foliows: (a) Calculate the bud geted cash disbursements during the month of Februagk: Sold State weils efectronic producta. The controller is resporsible for preparing the master budzet and has accumilated the information below for the months of January, February, and March. Balances at January 1 are expected to be as follows: The budget is to be bared on the following assumptions: 1. Each montris sales are billed on the last day of the month. 2. Customers are allowed a 3 Wiscount if their payment is made with in 10 days after the billing date. Receivables are booked at gross. 3. The company collects 60% of the billings whthin the discount period. 25% by the end of the month after the date of ale. and Thb by the end of the seccnd month ater the date of sale. 6% prove uncollectible. 4. It pays 54 K of all materiats purchases and the selling. general,and administrative expenses in the menth purchased and the remainder in the following month. Each month's units cf ending inventory are equal to 1305 of the next month's un an of sales. 5. The cost of each unit of inventory is $20 6. Selling, tenerat, and adminiatrative crpenses. of which $2,000 is for depreclation, are equal to 155 of the current monthis. ales. 7. Actual and projected sales are as followz (a) Calculate the bodgeted cann disoraments during the wioth of Fordary