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Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2 0 2 2 : table [
Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of :
tableApril,May,JuneCredit sales,$$$Credit purchases,Cash disbursementsWages taxes, and expenses,InterestEquipment purchases,
The company predicts that percent of its credit sales will never be collected, percent of its sales will be collected in the month of the sale, and the remaining percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March credit sales were $
Using this information, complete the following cash budget.
Note: Do not round intermediate calculations and round your answers to the nearest whole number, eg
tableApril,May,JuneBeginning cash balance,$Cash receipts,,,Cash collections from credit sales,,,Total cash available,,,Cash disbursements,,,PurchasesWages taxes, and expenses,,,InterestEquipment purchases,,,Total cash disbursements,,,Ending cash balance,,,
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