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Take me to the text Jessica Inc. provides you with the following budgeted information for two months in the current year. Sales Inventory Costs 200,000 360.000 Capital Expenditures 110,000 100.000 General and Administration Costs (nduding amortization 85,000 100,000 . Expectations: Cash sales represent 15% of total sales All sales on account are collected in the following month 60% of March's $110,000 worth of capital expenditures is to be paid at the end of March. The remainder is to be paid in the following month. April's capital expenditure will be paid in May. Monthly amortization represents 15% of general and administration costs inventory costs and general and administration costs are to be paid in the month in which they are incurred Dividends hf $6,000 are expected to be declared in March and paid in April Jessica Inc obtains the minimum financing needed to ensure at least a $9,000 cash balance at the end of the month through a note payable Assume that any amount teken out of the bank loan may be repais only at year end As of March 1 Cash Use the negative sign for any cash deficit Prepare a cash budget for March and April. Jessica Inc. Cash Budget for March and April March Cash from sales Opening Cash Balance $ 30000 Receipts: $30,000 Total cash available March April $555.000 $720.000 Disbursements: Collection from customers $ 209000 Inventory costs Capital Expenditures Dividend Payment $ 83250 S S General and admin, costs $ S $9000 April $ 54000 $ S Expectations - Cash sales represent 15% of total sales . All sales on account are collected in the following month 60% of March's $110,000 worth of capital expenditures is to be paid at the end of March The remainder is to be paid in the following month. Aprits capital expenditure will be paid in Mey Monthly amortization represents 15% of general and administration costs inventory costs and general and administration costs are to be paid in the month in which they are incurred Dividends of $6,000 are expected to be declareit in March and paid in April Jessica Inc. ootains the minimum financing needed to ensure at least a $9.000 cash balance at the end of the month through a nute payable. Assume that any amount taken out of the bank kan may be repaid only at year end. As of March 1 Cash Accounts lecewablet Inventory Long-Term Adsets Accumulated Depreciation Accounts Payable Didenes Payable in March) Notes Payable Disbursements: Shareholder's Fourty Comprised only of salecon account ingereinibruly Inventory costs OUTE Capital Expenditures Dividend Payment Total Cash Payments Cash Excess (Deficit) Financing Requirements: Notes Payable Loan Repayment Ending Cash Balance $33,000 209,000 65,000 General and admin. costs $ 120,000 5000 17,000 Check 2.000 265,000 101.000 $ $ $ $ S S S $ $ $ S S $ Note: The check" button does not submit your attempt. To submit the attempt, go to th Take me to the text Jessica Inc. provides you with the following budgeted information for two months in the current year. Sales Inventory Costs 200,000 360.000 Capital Expenditures 110,000 100.000 General and Administration Costs (nduding amortization 85,000 100,000 . Expectations: Cash sales represent 15% of total sales All sales on account are collected in the following month 60% of March's $110,000 worth of capital expenditures is to be paid at the end of March. The remainder is to be paid in the following month. April's capital expenditure will be paid in May. Monthly amortization represents 15% of general and administration costs inventory costs and general and administration costs are to be paid in the month in which they are incurred Dividends hf $6,000 are expected to be declared in March and paid in April Jessica Inc obtains the minimum financing needed to ensure at least a $9,000 cash balance at the end of the month through a note payable Assume that any amount teken out of the bank loan may be repais only at year end As of March 1 Cash Use the negative sign for any cash deficit Prepare a cash budget for March and April. Jessica Inc. Cash Budget for March and April March Cash from sales Opening Cash Balance $ 30000 Receipts: $30,000 Total cash available March April $555.000 $720.000 Disbursements: Collection from customers $ 209000 Inventory costs Capital Expenditures Dividend Payment $ 83250 S S General and admin, costs $ S $9000 April $ 54000 $ S Expectations - Cash sales represent 15% of total sales . All sales on account are collected in the following month 60% of March's $110,000 worth of capital expenditures is to be paid at the end of March The remainder is to be paid in the following month. Aprits capital expenditure will be paid in Mey Monthly amortization represents 15% of general and administration costs inventory costs and general and administration costs are to be paid in the month in which they are incurred Dividends of $6,000 are expected to be declareit in March and paid in April Jessica Inc. ootains the minimum financing needed to ensure at least a $9.000 cash balance at the end of the month through a nute payable. Assume that any amount taken out of the bank kan may be repaid only at year end. As of March 1 Cash Accounts lecewablet Inventory Long-Term Adsets Accumulated Depreciation Accounts Payable Didenes Payable in March) Notes Payable Disbursements: Shareholder's Fourty Comprised only of salecon account ingereinibruly Inventory costs OUTE Capital Expenditures Dividend Payment Total Cash Payments Cash Excess (Deficit) Financing Requirements: Notes Payable Loan Repayment Ending Cash Balance $33,000 209,000 65,000 General and admin. costs $ 120,000 5000 17,000 Check 2.000 265,000 101.000 $ $ $ $ S S S $ $ $ S S $ Note: The check" button does not submit your attempt. To submit the attempt, go to th