Save prepare a one-month cash budget

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Save Prepare a one-month cash budget for April and calculate the amount of financing required to cover any deficit. Assume Actts receivable is collected 7% current month, 63% first month after sales and 30% second month after sales. Accts payable is paid 50% the month after cost-of-sales and 50% the second month after cost-of-sales. Fixed operating expense of $130,000 is incurred each month. GP is 47%. Show your calculations

JAN $300,000

FEB $250,00

MARCH $265,000

APRIL $235,000

Reference no: EM131294565

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