Capital expenditures budget calls for the cash purchase of $$130,000$ of store fixtures. The fixture were purchased

on Oct $1,$ have a useful life of $10$ yrs and a salvage value of $$10,000$

$-$

Hampton has a line of cridt of $500,000$$ from WECU under which it can borrow or repay principle in increment

of $$1,000$ at the end of each month as needed.Hampton desires to keep an ending cash balance of at least $10,000$ each month. The Bank charges an interest rate

of $12\%$ a year or $1\%$ a month. Hampton Hams Company

Cash Budget

From Sales Budget

Total Budgeted Collections $40,000168,000201,600$

From Purchases Budget

Total Budgeted Disbursements for Inventory $87,360142,912150,024$

From S&A Budget

Total Payments for S&A Expenses $30,10035,02036,044$