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The controller is waiting on Wildhorse's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Widhorse has just received the DM purchases budget from production. That budget shows DM purchases of 577,600 in March and \(\$ 80, 500 \) in April. Wildhorse generally pays \(30 % \) of these purchases in the month of purchase, with the remainder paid the next inonth Hew much shoald Wildhorse budget for cash disburseinents for the month of April? What is the budgeted balance of AVP going into May? Total cashdisbursements A/P bolance at end of April

The controller is waiting on Wildhorse's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Widhorse has just received the DM purchases budget from production. That budget shows DM purchases of 577,600 in March and \(\$ 80, 500 \) in April. Wildhorse generally pays \(30 % \) of these purchases in the month of purchase, with the remainder paid the next inonth Hew much shoald Wildhorse budget for cash disburseinents for the month of April? What is the budgeted balance of AVP going into May? Total cashdisbursements A/P bolance at end of April

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The controller is waiting on Wildhorse's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Widhorse has just received the DM purchases budget from production. That budget shows DM purchases of 577,600 in March and \(\$ 80, 500 \) in April. Wildhorse generally pays \(30 % \) of these purchases in the month of purchase, with the remainder paid the next inonth Hew much shoald Wildhorse budget for cash disburseinents for the month of April? What is the budgeted balance of AVP going into May? Total cashdisbursements A/P bolance at end of April
Transcribed Image Text:The controller is waiting on Wildhorse's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Widhorse has just received the DM purchases budget from production. That budget shows DM purchases of 577,600 in March and \(\$ 80, 500 \) in April. Wildhorse generally pays \(30 % \) of these purchases in the month of purchase, with the remainder paid the next inonth Hew much shoald Wildhorse budget for cash disburseinents for the month of April? What is the budgeted balance of AVP going into May? Total cashdisbursements A/P bolance at end of April
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