a. Beginning cash balance, September 1, $49,000. b. Budgeted cash receipts from September sales, $265,000. c. Direct materials are purchased on credit. Purchase amounts are August (actual), $72,000; and September (budgeted), $109,000. Payments for direct materials follow: 70% in the month of purchase and 30% in the first month after purchase. d. Budgeted cash payments for direct labor in September, $31,000. e. Budgeted depreciation expense for September, $3,700. f. Budgeted cash payment for dividends in September, $52,000. g. Budgeted cash payment for income taxes in September, $10,300. h. Budgeted cash payment for loan interest in September, $1,200. PTO COMPANY Cash Budget Beginning cash balance Add: Cash receipts from sales Total cash available Less: Cash payments for Direct materials Direct labor Dividends Income taxes Interest on loan Total cash payments Preliminary cash balance September www