Business, 28.06.2021 15:50 Nekomancer5291

Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019: April May June
Credit sales $416,000 $365,000 $453,000
Credit purchases 193,000 181,000 214,000
Cash disbursements
Wages, taxes, and expenses 81,100 76,600 105,300
Interest 10,800 10,800 10,800
Equipment purchases 40,000 12,500 161,000

The company predicts that 5 percent of its credit sales will never be collected, 25 percent of its sales will be collected in the month of the sale, and the remaining 70 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2019, credit sales were $343,000. Using this information, write down the cash budget.

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Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019:...

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