out of You are working as a managerial accountant for (TTI). The managers of the company have ask two months as they want to purchase some new they will pay toy manufacturing company called Tiny Tots Inc. you help in creating a cash budget for the next quipment. The equipment will cost $90,000 and for 70% of it in November and 30% of it in December. Management has projected the following information for the upcoming months: Monthly sales Material purchases Selling and administrative expenses Oct Nov $410,000 $300,000 155,000 168,000 50,000 48,000 Dec $315,000 170,000 45,000 All sales from customers are on credit and all expenses incurred by the company are paid for in the month they are incurred, however TTI has made an agreement with their supplier that purchases direct materials are paid for in the month after they are incurred. The selling and administrative expenses includes a monthly depreciation amount of $5,000.

You are working as a managerial acoountyry (T7). The managers of the compary have 9 two months as they want to purchese somb. they will pay for 70% of it in November and wir help in creating a cash budent for the next ipment. The equipment will cost $90,000 and in in December. month they are incurred, however T11 has made an agreement with their supplier direct materials are paid for in the month after they are incurred. The selling and administiratives xpenses includes a monthly depreciation amount of $5,000