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The following table lists data from the budget of Ritewell Publishers. Half the company's sales are for cash on the nail; the other half
The following table lists data from the budget of Ritewell Publishers. Half the company's sales are for cash on the nail; the other half are paid for with a one-month delay. The company pays all its credit purchases with a one-month delay. Credit purchases in January were $31, and total sales in January were $182. Assume all expenses, other than purchases, are cash transactions. February March April Total sales Purchases of materials $202 $222 $182 For cash 71 81 61 For credit 41 31 41 Other expenses 31 31 31 Taxes, interest, and dividends 11 11 Capital investment 90 11 Complete the cash budget in the following table. (Negative amounts should be indicated by a minus sign.)
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