Jessica Inc. provides you with the following budgeted information for two months in year 2019:

	March	April
Sales	$515,000	$730,000
Manufacturing Costs	160,000	330,000
Capital Expenditures*	120,000	50,000
General and Administration Costs (including amortization)	65,000	120,000
*includes training programs, machines and buildings

Expectations:

• Cash sales represent 15% of total sales
• All sales on account are collected in the following month
• 60% of March's $120,000 worth of capital expenditures is to be paid at the end of March. The remainder is to be paid in the following month. April's capital expenditure will be paid in May.
• Monthly amortization represents 15% of general and administration costs
• Manufacturing costs and general and administration costs are to be paid in the month in which they are incurred
• Dividends of $8,000 are expected to be declared in March and paid in April
• Jessica Inc. obtains the minimum financing needed to ensure at least a $5,000 cash balance at the end of the month through a bank loan. Assume that any amount taken out of the bank loan may be repaid only at year end.

As of March 1

Cash	$19,000
Accounts Receivable*	192,000
Inventory	110,000
Long-Term Assets	110,000
Accumulated Depreciation	5,000
Accounts Payable	8,000
Dividends Payable (in March)	2,000
Notes Payable	265,000
Stockholder's Equity	111,000
*Comprised only of sales on account incurred in February

Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Prepare a cash budget for March and April.

Jessica Inc. Cash Budget for March and April
	March	April
Opening Cash Balance	$Answer	$Answer
Receipts:
Cash from sales	$Answer	$Answer
Collection from customers	$Answer	$Answer
Total cash available	$Answer	$Answer
Disbursements:
Manufacturing costs	$Answer	$Answer
General and admin. costs	$Answer	$Answer
Capital Expenditures	$Answer	$Answer
Dividend Payment	$Answer	$Answer
Total Cash Payments	$Answer	$Answer
Cash Excess (Deficit)	$Answer Incorrect Mark 0.00 out of 1.00	$Answer
Financing Requirements:
Notes Payable	$Answer	$Answer
Loan Repayment
Ending Cash Balance	$Answer	$Answer