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Budgeting Cash Flow The following various elements relate to Whitfield, Inc.'s cash budget for April of the current year. For each item, decermine the amount

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Budgeting Cash Flow The following various elements relate to Whitfield, Inc.'s cash budget for April of the current year. For each item, decermine the amount of cash that Whitfield should receive or pay in a At S 31 each unit saes are soo and 6000 for March and April respective y. Total sales are typicaly40" for cash and 60% on crede 30% of credit sales are colected in the month of sale, with the balance collected in the following month, Uncollectible accounts are negigible. March sales April cash sales April credit sales 62,000 4,400 ss,800 x Cash colected in Apre 130.00 in Apri b, Merchandise purchases were s48,000 and S8 1,000 for March and Apri balance of purchases is paid for (without discount in the following month espectively Typicaly, 20% of total purchases are paid for inte month of purchase with a sa at e he 40800x 15.960 : x Cash paid in April, 56,760 X c. ed administrative expenses, which total S 14 per month are paid in the month incurred. Variable administrative expenses amount to 20% of total monthly sales revenue, onehar of which is paid in the monch incurred, with the balance pald in the folowing month Apni fixed expenses 7000 17.000 Cash paid in April 5440 x d. A store asset originally costing $11,000, on which $6,000 depredation has been taken, is sold for cash at a loss of $400 7,600 Check

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