1. (8 points) Information pertaining to Sacramento Companys budgeted sales is presented in the following table.

February March April May

Total sales $460,000 $550,000 $400,000 $430,000

• Collections are as follows:
  • Month of sale 30%
  • First month following sale 50%
  • Second month following sale 15%
  • Uncollectable 5%
• Direct material purchases equal 70% of the next months projected total sales
• Purchases of direct materials each month are made in cash.
• Operating costs total $100,000 per month (which includes $20,000 of depreciation).
• Operating costs are paid monthly.

1. Calculate Sacramentos budgeted total cash receipts for the month of April.
2. Calculate Sacramentos budgeted cash disbursements for the month of April.