what is the cash budget for this

4/4/18, 9:28 PM Assignment Print View The following information applies to the questions displayed below Built-Tight is preparing its master budget for the quarter ended September 30, 2017. Budgeted sales and cash payments for product costs for the quarter follow July August September $57000 $73000 $ 55,000 Budgeted sales Budgeted cash payments for 15,760 13,04013360 Direct materials Direct labor Factory overhead 3,640 2,960 19,800 16,400 16,800 Isales are 20% cash and 80% on credt. Au credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $15,000 in cash, $44,600 in accounts recelvable: $4100 in accounts payable: ereres4soo balance in loans payable. A minimum cash balance of $15.000 is required. Loans are obtained at the end of any month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions 00% of sales office salaries $3,600 per month and rent ($6,100 per month) month when a cash shortage occurs. Interest is 1% per /.Award: 2.16 points (2) Prepare a cash budget for each of the months of July, August, and September. (Negative bala and Loan repayment answers in whole dollars.) amounts (if any) should be indicated with minus sign. Enter your final hito Dezte mbeducation.com/tn tpxhodo c 1SinglePrintviewlaingl 25270740420/66edrole-sudent&pid-23014424 Page 1 ot 2 Page 1 of 2