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Gash Budget. Wisons Rerail Company is planning a cash budget for the flext three months. Estimated sales revenue is as follown: All sales are on
Gash Budget. Wisons Rerail Company is planning a cash budget for the flext three months. Estimated sales revenue is as follown: All sales are on credit; 60 percent is collected during the month of sale, and 40 percent is collected dinng the neat month Cost of goods sold is 70 percent of soles pyymmes for merthandise cold are made in the month following the month of sale. Operating expenses total 140,000 per month and are paid dueing the month incurred. The cash bssance on Febriary 1 is entinited to be ssococe. Prepare monthly cash budgets for February. March, and Aprit Use negative signs only with beginning and ending cash balances, when appropriate. Do not use negative signs with disbursement answers
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