The following data are from the budget of Ritewell Publishers. Half the company's sales are transacted on a cash basis. The other half are paid for with a 1-month delay. The company pays all of its credit purchases with a 1-month delay. Credit purchases in January were S110, and total sales in January were $564. February March April $ 380 $ 360 $ 340 Total sales Cash purchases Credit purchases Labor and administrative purchases Taxes, interest, and dividends Capital expenditures 110 120 100 80 70 80 70 70 70 50 50 50 180 Complete the following cash budget. (Leave no cells blank. Enter '0' when necessary. Negative amounts should be indicated by a minus sign.)
The following data are from the budget of Ritewell Publishers. Half the company's sales are transacted on a cash basis. The other half are paid for with a 1-month delay. The company pays all of its credit purchases with a 1-month delay. Credit purchases in January were S110, and total sales in January were $564. February March April $ 380 $ 360 $ 340 Total sales Cash purchases Credit purchases Labor and administrative purchases Taxes, interest, and dividends Capital expenditures 110 120 100 80 70 80 70 70 70 50 50 50 180 Complete the following cash budget. (Leave no cells blank. Enter '0' when necessary. Negative amounts should be indicated by a minus sign.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please assist with highlighted boxes, showing the work. My numbers aren't correct according MConnect.

Transcribed Image Text:The following data are from the budget of Ritewell Publishers. Half the company's sales are transacted on a cash basis. The other half
are paid for with a 1-month delay. The company pays all of its credit purchases with a 1-month delay. Credit purchases in January were
$110, and total sales in January were $564.
February March
$360
April
$ 340
Total sales
$ 380
Cash purchases
Credit purchases
Labor and administrative purchases
Taxes, interest, and dividends
Capital expenditures
110
120
100
80
70
80
70
70
70
50
50
50
180
Complete the following cash budget. (Leave no cells blank. Enter '0' when necessary. Negative amounts should be indicated by a
minus sign.)
February
March
April
Sources of cash
Collections on current sales
$
180
$
190
$
170
Collections on amounts receivable
$
282 $
180 $
190
Total sources of cash
$
462
$
370
$
360
Uses of cash
Payments of accounts payable
$
110
$
80
$
70
Cash purchases
110
$
120
100
Labor and administrative expenses
$
70
$
70
$
70
Capital expenditures
$
180
$
$
Taxes, interest, and dividends
$
50 $
50
50
Total uses of cash
$
520
$
320
$
290
Net cash inflow
$
(58) $
50
70
Cash at start of period
188
+ Net cash inflow
= Cash at end of period
+ Minimum operating cash balance
= Cumulative short-term financing required
2$
(58) s
50
2$
70
130
$
50
$
70
$
180
$
180
$
180
2$
50 $
130
$
110
%24
%24
%24
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