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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 receipts budget for November?
| September | October | November | December |
Purchases |
| $30139 | $73417 | $50131 |
Cash Operating Costs |
| $4638 | $7952 | $10164 |
Cash paid for new equipment |
| $1176 | $2248 | $3162 |
Accounts Payable at End of Month | $13108 |
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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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