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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 $385,000. About 80% is cash sales and the 301800 Decem rest are on credit.
b. Oliver's Bistro expects that on average 60% of credit sales will be paid for in the month of the sale and 40% will be paid in the following month.
C .Food and supplies purchases, all on account, are expected to be $300,000 in November. Oliver pays 35% in the month of purchase and 65% 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 $15,500 a month from the business. Various Part time workers cost $22,500 per month. These workers are paid weekly, so on average 90% of their wages are paid in the current month and the remaining 10% is paid in the following month.
e. Utilities and insurance average $9,000 per month. Rent on the building is $12,000 per month.
f. In October a cooking stove had to be replaced for $41,000. The amount is due in two payments of 50% each in the months of November and December. g. October sales were $400,000, and purchases of food and supplies in October were $280,000.
h. The Bistro's cash balance on November 1 is $14,500.
Required:
Prepare a cash Budget for Oliver's Bistro for the month of November.

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