15. Here are some important figures from the budget of Big Blast, Inc., for the second quarter of 2000: April May June C

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15 Here Are Some Important Figures From The Budget Of Big Blast Inc For The Second Quarter Of 2000 April May June C 1 (72.87 KiB) Viewed 50 times

15. Here are some important figures from the budget of Big Blast, Inc., for the second quarter of 2000: April May June Credit Sales $295.000 $340,000 $310,000 Credit Purchases $140,000 $150.000 S130.000 Cash disbursement Wages, taxes, and expenses S25,000 $27.500 $32,000 Interest 58.000 $8,000 $8.000 Equipment purchases $50.000 $70,000 $254.000 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 collected in the following month Credit purchases will be paid in the month following the purchase In Much 2000, credit sales were $275,000. Using this information, complete the following cash budzet (0.2 points each empty space, 5 Points) April May June Beginning Cash Balance $275,000 Credit receipts Cash collections from credit sales Total cash available Cash disbursements Purchase $115,000- Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance . 13 . +