NBA has provided sales for the month of May:

April Actual cash sales = $17,550.00

April actual credit sales = $99,000

April actual total sales = 116,550

May budget cash sales = 18000

may budget credit sales = 126,000

may budget total sales = 144,000

For credit sales, the collection pattern:

month of sales = 70%

month following sales = 25%

*based on past experience, the company estimates the remaining credit sales are uncollectible.

inventory purchase average 70% of current months total sales. payments for inventory as follows:

month of purchase = 40%

month following purchase = 60%

other expenses include:

Salaries and wages per month = $10,440

rent per month = $3,600

utilities per month = $5,200

insurance per quarter to be paid in may = $900

depreciation expenses per month = $1,500

May 1 cash balance is $9,216

Questions:

1. What is the budgeted cash receipts for the month of may?

2. what is the budgeted cash disbursements for inventory purchases for the month of may?

3. what is the budgeted cash disbursements for other expenses for the month of may

4. what is the ending cash balance in the cash budget for the month of may?