The treasurer of Calice Dreams Company has munted the following budget information for the first two months of the coming fiscal year: March Manufacturing cost Seling and administrave expenses Calcio S450,000 290,00 41.400 250,000 April $520,000 350,000 45,400 The company expects to shout orchandise for cash or on account, we collected in the month of the sale, and the remainder the month fofowing the sale One-fourth of the manufacturing costs in the month in which they are incurred, and there the fourth in the fowing month. Depreciation, Howance, and property taxes represent $1.400 of the monthly being and ve expenses rurals paldintrebary, and proverty tanes are all very in Serember. A 10.000 installment on income tesis to be wont the remainder of the song and one tale to be paid in the month in which they are current and the balance in the following month Croitaradtons of 5250,000 are paid Marek Current of a recomand of horses.co0 and accounts receivable 51.00. Current of March 1 weet nyable of $121.500 (3107,000 for materials purchases and $19.500 for wing mister Management desire to mamin munch of $25,000 Ne budget for March April an amount toe dies nature and enteve i bardhenie te indicate negative rumber of crede canh Careers Care Cash Budul Ford Art ar Ar Caledoms of contact Previous Nee Timing Current assets as of March 1 are composed of cash 45,000 and accounts receivable of $51,000. Current abilities as of March are accounts payable of $121,500 (5102,000 for materials purchases and 519,5 for selling and administrative expense Management desires tomentan a minimum cash balance of $25.000 heperea moto et tour and April 17 an amount box does not require an entry leave blank. Use the minus sign to indicate negative numbers or decrease in cash. Calico Das Company Cash Forse Tantieding Art 30 Ches Collection of recevable Totalca mated car payment for Manufacturing Scing and adminst expenses Tome Ceres) Categning of mot The treasurer of Calico Dreams Company has accumulated the following budget information for the first two months of the coming fiscal year. April $520,000 Sales Manufacturing costs Selling and administrative expenses Capital aditions March $450,000 290,000 41,400 250,000 350,000 46,400 The company expects to sell about 35% of its merchandise for cash of sales on account, 30% are collected in full in the month of the sale, and the remainder in the month following the sale One-fourth of the manufacturing costs are paid in the month in which they are incurred, and the other three-fourths in the following month Depreciation Insurance, and property taxes represent $6,400 of the monthly selling and administrative expenses Insurance is paid in February, and property taxes are paid yearly in September. A $40,000 Installment on income taxes is to be paid in April. Of the remainder of the selling and administrative expenses, one-half are to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are paid in March Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabities as of March I are accounts payable of $121,500 ($102,000 for materials purchases and 519,500 for selling and administrative expenses). Management desires to maintain a minimum cash balance of $25,000 Prepare a monthly cash budget for Marchand April. Yan amount box does not require an entry, leave it an. Use the minussion to indicate negative numbers or decrease in cash Calico Dreams Company Cadget For the Two Months Ending April 10 Maret April Estimated cash receipts from Cash sales Collections of accounts recevable Total Care Estimated cash payments for . Current assets at of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for selling and administrative expenses). Management desires to maintain a minimum cash balance of $25,000 Prepare a monthly cash budget for March and April. If an amount box does not require an entry, leave it bank. Use the minus sign to indicate negative numbers or decrease in cash Calice Dreams Company Cash Budget For the Two Months Ending April 30 March April Estimated cash receipts from Cash sales Collecties of accounts receivable Total Cash receipts Estimated cash payments for: Manufacturing costs Selling and administrative expenses Capital additions Income taxes Total cash payment Cash increase (decrease) Cash Dance at beginning of month Cash balance at end of month Minimum cantalance Esteticiency)