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The following data are from the budget of Ritewell Publishers. Half the companys sales are transacted on a cash basis. The other half are paid
The following data are from the budget of Ritewell Publishers. Half the companys sales are transacted on a cash basis. The other half are paid for with a 1-month delay. The company pays all of its credit purchases with a 1-month delay. Credit purchases in January were $40, and total sales in January were $190.
February | March | April | ||||||||||
Total sales | $ | 220 | $ | 240 | $ | 200 | ||||||
Cash purchases | 75 | 85 | 65 | |||||||||
Credit purchases | 45 | 35 | 45 | |||||||||
Labor and administrative purchases | 35 | 35 | 35 | |||||||||
Taxes, interest, and dividends | 15 | 15 | 15 | |||||||||
Capital expenditures | 110 | 0 | 0 | |||||||||
Complete the following cash budget. (Leave no cells blank. Enter '0' when necessary. Negative amounts should be indicated by a minus sign.)
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