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please answer asap i will rate Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018: April
please answer asap i will rate Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018: April May June $314,000 $294,000 $354,000 122,000 145,000 170,000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 43,400 10,400 74,000 10,900 10,400 138,000 62,400 10,400 o The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2018, credit sales were $184,000 and credit purchases were $124,000. Using this information, complete the following cash budget: (Do not round Intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2018, credit sales were $184,000 and credit purchases were $124,000. Using this information, complete the following cash budget: (Do not round Intermediate calculations. Leave no cells blank - be certain to enter "O" wherever required.) May June April 117,000 $ Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance
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