1. Mapes Corporation has estimated its activity for October 1998. Selected data from these estimated amounts are as follows:

• Sales P1,400,000

Gross profit on sales 30%

Inc. in accounts receivable during the month P40,000

Change in accounts payable during the month 0

Increase in inventory during the month 20,000

• Variable selling, general and administrative expenses (S,G & A) included a change for uncollectible account of 1% of sales.
• Total S,G & A is P142,000 Per month plus 15% of sales
• Depreciation expense of P180,000 per month is included in the fixed S,G & A

What are the estimated cash disbursement for October 1998?

2. Terry Company is preparing its cash budget for the month of April. The following information is available concerning its inventories:

Inventories, April 1P90,000

Estimated purchases for April440,000

Estimated cost of goods sold for April450,000

Estimated payments in April for purchases in March75,000

Estimated payments in April for purchases prior to March 20,000

Estimated payments in April for purchases in April75%

What are the estimated cash disbursement for inventories in April?

3. The Fresh Company is preparing its cash budget for the month of May. Fresh Actual credit sales for April amounted to P150,000. The following estimated data for the month of May is available concerning its accounts receivable:

Credit sales in MayP200,000

Collections in May for credit sales in May 20%

Collections in May for credit sales in April 70%

Collections in May for credit sales prior to April P12,000

Write-offs in May for uncollectible credit sales8,000

Provision for bad debts in May for May credit sales7,000

What are the estimated cash receipts from accounts receivable collections in May?