Cash Budget April 30 Cash balance, April 1 Add receipts Cash sales Credit card sales Total cash available for needs Deduct cash disbursements \begin{tabular}{|l|l|} \hline Direct materials \\ \hline Direct manufacturing labour \\ \hline Manufacturing overhead \\ \hline Nonmanufacturing salaries \\ \hline Sales commissions \\ \hline Other nonmanufacturing fixed costs \\ \hline Machinery purchase \\ \hline Income taxes dotal disbursements \end{tabular} Financing Repayment of Ioan Interest on loan Total effects of financing Ending cash balance, April 30 Assumptions - Animar Gear (AG) does not make any sales on crealt. AG selis only to the pubilc ana accepts casn and credit cards. Of its sales, 80% are to customers using credit cards, for which AG gets the cash right away, less a 4% transaction fee. - Purchases of materials are on account. AG pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March, AG owes suppliers $8,000. - AG plans to replace a machine in April at a net cash cost of $13,700. - Labour, other production costs, and nonproduction costs are paid in cash in the month incurred except of course, depreciation, which is not a cash flow. For April, $23,000 of the production cost and $11,500 of the nonproduction cost is depreciation. - AG currently has a $3,200 loan at an annual interest rate of 18%. The interest is paid at the end of each month. If AG has more than $10,000 cash at the end of April, it will pay back the loan. AG owes $5,700 in income taxes that need to be remitted in April. AG has cash of $5.800 on hand at the end of March. Assumptions Budget information batiateos lee. ceit it acpecinter Cash Budget April 30 Cash balance, April 1 Add receipts Cash sales Credit card sales Total cash available for needs Deduct cash disbursements \begin{tabular}{|l|l|} \hline Direct materials \\ \hline Direct manufacturing labour \\ \hline Manufacturing overhead \\ \hline Nonmanufacturing salaries \\ \hline Sales commissions \\ \hline Other nonmanufacturing fixed costs \\ \hline Machinery purchase \\ \hline Income taxes dotal disbursements \end{tabular} Financing Repayment of Ioan Interest on loan Total effects of financing Ending cash balance, April 30 Assumptions - Animar Gear (AG) does not make any sales on crealt. AG selis only to the pubilc ana accepts casn and credit cards. Of its sales, 80% are to customers using credit cards, for which AG gets the cash right away, less a 4% transaction fee. - Purchases of materials are on account. AG pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March, AG owes suppliers $8,000. - AG plans to replace a machine in April at a net cash cost of $13,700. - Labour, other production costs, and nonproduction costs are paid in cash in the month incurred except of course, depreciation, which is not a cash flow. For April, $23,000 of the production cost and $11,500 of the nonproduction cost is depreciation. - AG currently has a $3,200 loan at an annual interest rate of 18%. The interest is paid at the end of each month. If AG has more than $10,000 cash at the end of April, it will pay back the loan. AG owes $5,700 in income taxes that need to be remitted in April. AG has cash of $5.800 on hand at the end of March. Assumptions Budget information batiateos lee. ceit it acpecinter