Assume Nordstrom prepares hudgets quarterty. The falling information is available for use in planning the second quarter budgets for one of its stores in thousando NORDSTROM Balance Sheet March 31 ASSS Llabilities and Stockholders Equity Cash 2.525 Wethandise purchases paybe $2.400 Arenneth in the TIC Tony challery HRM 150 Fixtures 3.000 TASSES $11.15 Toalhiny 111.113 Actual and forecasted sales for selectec months in the upcoming year are as follows: Month in thousands Sales Rue January $2.600 huary 3,31 M April Way 3.000 Une 3.500 AN 4 Monthly operating expenses are as follows: Mchang Other cos 53 Cash diviends for the store or szia thousand are declared during the third month at each Quarter and are paid during the first month of the following quarter. Operating expenses except insurance, ment, and desreciation are paid as incurred. The propedinsurance Istartive more months. Cost at goods sals is equal to 60% of sales. Encing mentores are sufficient for 1504 at the next month's cast of sales. Purchases during any given month are paid in ful during the folosing manh.Cash sales account for 50% of the revenus of the credit sc.60% are collected in the next month and 40% are collected in the month after. Morey can be borrowed and repic in mutiples of $100 thousand at an interest rate of 124 per year. The company des res a minimum casu talance of 52 million on the first of each month. At the time the principal is repaid, interest is paid on the portion of princpal that is repad. Al borrowing is at the beginning of the months, and all repayment is at the end of the month. Morey is never repaid at the end of the month i. ia borrowed. Part A Part B Part Part Part Part 1 Prepare a cash disbursements schecule 'cr each month of the second quarter endine June 30. Do not include regayments of borrovines NDROSTRONAS Schedule of Monthly Cash Disbursements on thousands Quarter Ending June an April May June Total Totalcase db.rsements Assume Nordstrom prepares hudgets quarterty. The falling information is available for use in planning the second quarter budgets for one of its stores in thousando NORDSTROM Balance Sheet March 31 ASSS Llabilities and Stockholders Equity Cash 2.525 Wethandise purchases paybe $2.400 Arenneth in the TIC Tony challery HRM 150 Fixtures 3.000 TASSES $11.15 Toalhiny 111.113 Actual and forecasted sales for selectec months in the upcoming year are as follows: Month in thousands Sales Rue January $2.600 huary 3,31 M April Way 3.000 Une 3.500 AN 4 Monthly operating expenses are as follows: Mchang Other cos 53 Cash diviends for the store or szia thousand are declared during the third month at each Quarter and are paid during the first month of the following quarter. Operating expenses except insurance, ment, and desreciation are paid as incurred. The propedinsurance Istartive more months. Cost at goods sals is equal to 60% of sales. Encing mentores are sufficient for 1504 at the next month's cast of sales. Purchases during any given month are paid in ful during the folosing manh.Cash sales account for 50% of the revenus of the credit sc.60% are collected in the next month and 40% are collected in the month after. Morey can be borrowed and repic in mutiples of $100 thousand at an interest rate of 124 per year. The company des res a minimum casu talance of 52 million on the first of each month. At the time the principal is repaid, interest is paid on the portion of princpal that is repad. Al borrowing is at the beginning of the months, and all repayment is at the end of the month. Morey is never repaid at the end of the month i. ia borrowed. Part A Part B Part Part Part Part 1 Prepare a cash disbursements schecule 'cr each month of the second quarter endine June 30. Do not include regayments of borrovines NDROSTRONAS Schedule of Monthly Cash Disbursements on thousands Quarter Ending June an April May June Total Totalcase db.rsements
