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The following table lists data from the budget of Ritewell Publishers. Half the company's sales are for cash immediately, the other half are paid for with a one-month delay. The company pays all its credit purchases with a one-month delay. Credit purchases in January were $35, and total sales in January were $190. Assume all expenses, other than purchases, are cash transactions. Total sales February $ 210 March $ 230 April $ 190 Purchases of materials For cash 75 85 65 For credit 45 35 45 Other expenses 35 35 35 Taxes, interest, and dividends 15 15 15 Capital investment 75 0 0 Complete the cash budget in the following table. Note: Negative amounts should be indicated by a minus sign.

The following table lists data from the budget of Ritewell Publishers. Half the company's sales are for cash immediately, the other half are paid for with a one-month delay. The company pays all its credit purchases with a one-month delay. Credit purchases in January were $35, and total sales in January were $190. Assume all expenses, other than purchases, are cash transactions. Total sales February $ 210 March $ 230 April $ 190 Purchases of materials For cash 75 85 65 For credit 45 35 45 Other expenses 35 35 35 Taxes, interest, and dividends 15 15 15 Capital investment 75 0 0 Complete the cash budget in the following table. Note: Negative amounts should be indicated by a minus sign.

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 following table lists data from the budget of Ritewell Publishers. Half the company's sales are for cash immediately, the other half are paid for with a one-month delay. The company pays all its credit purchases with a one-month delay. Credit purchases in January were $35, and total sales in January were $190. Assume all expenses, other than purchases, are cash transactions. Total sales February $ 210 March $ 230 April $ 190 Purchases of materials For cash 75 85 65 For credit 45 35 45 Other expenses 35 35 35 Taxes, interest, and dividends 15 15 15 75 0 0 Capital investment Complete the cash budget in the following table. Note: Negative amounts should be indicated by a minus sign. Particulars February March April Sources of cash: Collections on cash sales Collections on accounts receivables Total sources of cash $ 0 $ 0 $ 0 Uses of cash: Payments of accounts payable Cash purchases of materials Other expenses Capital expenditures Taxes, interest, and dividends Total uses of cash $ 0 $ 0 $ 0 Net cash inflow Cash at start of period $ 100 Minimum operating cash balance $ 100 $ 100 $ 100 Cumulative short-term financing required
Transcribed Image Text:The following table lists data from the budget of Ritewell Publishers. Half the company's sales are for cash immediately, the other half are paid for with a one-month delay. The company pays all its credit purchases with a one-month delay. Credit purchases in January were $35, and total sales in January were $190. Assume all expenses, other than purchases, are cash transactions. Total sales February $ 210 March $ 230 April $ 190 Purchases of materials For cash 75 85 65 For credit 45 35 45 Other expenses 35 35 35 Taxes, interest, and dividends 15 15 15 75 0 0 Capital investment Complete the cash budget in the following table. Note: Negative amounts should be indicated by a minus sign. Particulars February March April Sources of cash: Collections on cash sales Collections on accounts receivables Total sources of cash $ 0 $ 0 $ 0 Uses of cash: Payments of accounts payable Cash purchases of materials Other expenses Capital expenditures Taxes, interest, and dividends Total uses of cash $ 0 $ 0 $ 0 Net cash inflow Cash at start of period $ 100 Minimum operating cash balance $ 100 $ 100 $ 100 Cumulative short-term financing required
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