Assume the following data for Pet Transport Company: A (Click the icon to view the assumptions.) (Click the icon to view budget information.) Requirements 1. Prepare a cash budget for April for Pet Transport. 2 Why do Pet Transport's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? i Reference 10,000 at the end of April.) Requirement 1. Prepare a cash budget for April for Pet Transport. Begin the cash budget by calculating the cash available, then total disbursements, and finally the effects of financing and the ending cash balance. (Round your answer Cash Budget April 30 Cash balance, beginning Add receipts i More Info Total cash available for needs Revenue Budget For the Month of April Units Selling price Total Revenues Cat-allac 530 $ 205 $ 108,650 Dog-eriffic 265 310 82,150 $ 190.800 Total Manufacturing Overhead Budget For the Month of April Machine setup costs $ 8,715 Processing costs 108,000 465 Inspection costs 117,180 Total Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly produced per unit Hours Wage Rate Total Cat-allac 550 3 1,650 $ 10 $ 16,500 Dog-eriffic 250 5 1,250 12,500 10 Total $ 29,000 Nonmanufacturing Costs Budget For the Month of April Salaries $ 18,000 Pet Transport (PT) does not make any sales on credit. PT sells only to the public and accepts cash and credit cards; 90% of its sales are to customers using credit cards, for which PT gets the cash right away, less a 4% transaction fee. Purchases of materials are on account. PT pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March, PT owes suppliers $8,400. During April they plan to purchase direct materials worth $21,480. PT plans to replace a machine in April at a net cash cost of $13,000. Labor, other manufacturing costs, and nonmanufacturing costs are paid in cash in the month incurred except of course depreciation, which is not a cash flow. Depreciation is $24,500 of the manufacturing cost and $13,500 of the nonmanufacturing (fixed) cost for April. PT currently has a $2,000 loan at an annual interest rate of 24%. The interest is paid at the end of each month. If PT has more than $10,000 cash at the end of April it will pay back the loan. PT owes $5,200 in income taxes that need to be remitted in April. PT has cash of $5,000 on hand at the end of March. Print Done Other fixed costs 20,000 1,908 Sales commissions $ 39,908 Total nonmanufacturing costs Print Done Choose from any list or enter any number in the input fields and then click Check