27 Jun Here are some important figures frorn the budget of Nechako Nougats Inc
Here are some important figures frorn the budget of Nechako Nougats Inc, for the second quarter of 2015: May $374.400 $349.500 $120.500 April lune Credit sales Credi purchases Cash disbursements 49,900 19,300 200,300 Wages, xes, and expenses Interest 54.340 70,300 75,170 12 580 8B,B00 135.000 12,580 2,580 Equipment purchases The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be colected in the tollowing month. Credit purchases will be paid in the month following the purchase. In March 2015, credit sales were $235,000, and cradit purchases were S161,300. Using this Infonmation, complete the following cash budget (Do not round intermediate calculations. Do not leave any empty spaces; input a D wherever it is required.) May June 135,000 S Beginning cash balance Cash receipts Cash tolections from credit sales Total cash available Cash disbursements Purchases Wages, taxas, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance
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