The controller is waiting on Sheffield's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Sheffield has just received the DM purchases budget from production. That budget shows DM purchases of $94,800 in March and $70,500 in April. Sheffield generally pays 30% of these purchases in the month of purchase, with the remainder paid the next month. How much should Sheffield budget for cash disbursements for the month of April? What is the budgeted balance of A/P going into May? Total cash disbursements A/P balance at end of April $ $

The controller is waiting on Sheffield's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Sheffeld has just received the DM purchases budget from production. That budget shows DM purchases of $94,800 in March and $70,500 in April. Sheffield generally pays 30\% of these purchases in the month of purchase, with the remainder paid the next month. How much should Sheffield budget for cash disbursements for the month of April? What is the budgeted balance of AP going into May? Total cash disbursements A/P balance at end of April