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Company Lakeview Engine, Inc. has the following sales budget: Month September October November December Cash Sales $ 100,000 $ 125,000 $ 207,000 $ 67,000 Credit
Company Lakeview Engine, Inc. has the following sales budget: Month September October November December Cash Sales $ 100,000 $ 125,000 $ 207,000 $ 67,000 Credit Sales $ 200,000 $ 190,000 $ 199,000 $ 144,000 Collection of credit sales are 70% in the month of sale, 20% in the month following sale, and 10% two months following sale. No uncollectible accounts are expected. Required : What is the expected balance of Accounts Receivable at November 30? SureLock, Inc. has the following information: Month January February Budgeted Sales $ 76,000 $ 85,000 March $ 100,000 April $ 79,000 Budgeted Operat Expenses Per Month Wages $15,000 Advertising 12,000 Depreciation 3,000 Sales Commissions 4% of sales All cash expenses are paid as incurred. Required : what are the budgeted total cash disbursements for operating expenses in April
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