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Oliver's Bistro provided the following information for the month of November: a . Budgeted November Sales are $ 3 8 5 , 0 0 0
Oliver's Bistro provided the following information for the month of November:
a Budgeted November Sales are $ About is cash sales and the Decem rest are on credit.
b Oliver's Bistro expects that on average of credit sales will be paid for in the month of the sale and will be paid in the following month.
C Food and supplies purchases, all on account, are expected to be $ in November. Oliver pays in the month of purchase and following the month of purchase.
d Most of the restaurant work is done by Oliver and his wife, who together typically withdraw a total of $ a month from the business. Various Part time workers cost $ per month. These workers are paid weekly, so on average of their wages are paid in the current month and the remaining is paid in the following month.
e Utilities and insurance average $ per month. Rent on the building is $ per month.
f In October a cooking stove had to be replaced for $ The amount is due in two payments of each in the months of November and December. g October sales were $ and purchases of food and supplies in October were $
h The Bistro's cash balance on November is $
Required:
Prepare a cash Budget for Oliver's Bistro for the month of November.
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