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Walker Company provided the following sales information for the month of October: September October Actual Budget Cash sales $ 15,600.00 $ 14,400.00 Credit sales 88,400.00

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Walker Company provided the following sales information for the month of October: September October Actual Budget Cash sales $ 15,600.00 $ 14,400.00 Credit sales 88,400.00 81,600.00 Total sales $104,000.00 $ 96,000.00 For credit sales, the collection pattern is as follows: Month of sales 65% Month following sales 29% Based on past experience, the company estimates the remaining credit sales are uncollectible. Inventory purchases average 85% of current month's total sales. Payments for inventory are made as follows: Month of purchase 50% Month following purchase 50% Other expenses are as follows: Salaries and wages per month $ 6,786.00 Rent per month 2,340.00 Utilities per month 3,380.00 Insurance per quarter to be paid in October 585.00 Depreciation expenses per month 975.00 October 1 cash balance is $6,528.00. Prepare a cash budget for the month of October. Question 35 (2 points) What is the budgeted cash receipts for the month of October? \"5/ Question 36 (2 points) What is the budgeted cash disbursements for inventory purchases for the month of October? 45/ Question 37 (2 points) What is the budgeted cash disbursements for other expenses for the month of October? 15/ Question 38 (1 point) What is the ending cash balance in the cash budget for the month of October? \"3/

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