Cedar Company has forecast purchases to be $338,000 in June, $377,000 in July, $319,000 in August, and $275,000 n September. Purchases average 35% paid in cash and 65% paid on credit, Credit purchases are paid 65% in the month of purchase, 20% during the month following, and 15% the second month following the purchase. Budgeted cash payments for September would be:
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![Multiple Choice
$297,415
$118,315
$290,665
$85,915](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab66dd43-960d-4097-ad28-d18c2b3db204%2F2b5efcde-a32f-460c-b4e9-137c6c17506b%2Fscwi3z_processed.png&w=3840&q=75)
![Cedar Company has forecast purchases to be $338,000 in June, $377,000 in July, $319,000 in August, and $275,000
n September. Purchases average 35% paid in cash and 65% paid on credit Credit purchases are paid 65% in the
month of purchase, 20% during the month following, and 15% the second month following the purchase. Budgeted
cash payments for September would be:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab66dd43-960d-4097-ad28-d18c2b3db204%2F2b5efcde-a32f-460c-b4e9-137c6c17506b%2Fl5q8jap_processed.png&w=3840&q=75)
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