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Crane Company is preparing a cash payments budget. Below is a schedule of financial data that will be used to prepare the budget. What is
Crane Company is preparing a cash payments budget.
Below is a schedule of financial data that will be used to prepare the budget.
What is the cash payments budget for November?
| September | October | November | December |
Purchases |
| $34,739 | $70,078 | $49,879 |
Cash Operating Costs |
| $5,067 | $8,072 | $10,473 |
Cash paid for new equipment |
| $1,574 | $2,663 | $3,251 |
Accounts Payable at End of Month | $12,386 |
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Purchases are paid for as follows:
In Month of Purchase | 60% |
In Month After Purchase | 40% |
Enter your answer to the nearest whole dollar.
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