27 Jun Assignment 4 Instructions I help Question & (of 6) Seve&xtSubmit 10.00 paits
Assignment 4 Instructions I help Question & (of 6) Seve&xtSubmit 10.00 paits Here are some important figures from the budget of Nechako Nougats Inc. for the second quarter of 2015 May $374.400 $340,500 $420,500 Aprtl 48,800 169,300 200,300 54 240 June Credit sales Credt purchases Cash disbursements Wages, taxs, and expenses Interest Equipment purchases 12,500 12,500 89 900 135.000 70,300 75,170 2.540 The company prediots that 5 percent of its creait saks will naver be colerted, 35 percent of its sales will be collected in the month of the sale, and the remaining 6D percent wal be colected in the following montn Credit purchases will be paid in the month folloeving the purchase. In March 2015, credit sales were S235,000, and credit purchases were $161,300. Using this infemation, complele lhe following cash budget (Do not round intermediate calculations. Do not leave any emply spaces; input a 0 wherever it is required.) June Beginning cash balance Cash receipts 135,000 S Cash colections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest
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