Al Dentes cash balance on March is $ It has provided the following information for the month of October:
Sales are budgeted to be $ in March. February sales were $ and January sales were $ of sales are collected in cash, with the remaining being credit sales. Collection of credit sales are made according to the following schedule:
in the month of sale
in the month following sale
in the second month following sale.
Food and supply purchases are expected to be $ in March. Food and supply purchases in February were $ Al Dentes pays in the month of purchase, and in the month following.
Other cash disbursements total $
Depreciation for the month is budgeted to be $
Al Dentes would like to maintain a minimum cash balance of $ Borrowings, if needed, are made in $ increments at interest per month.
How much cash is budgeted to be collected in March from February's credit sales?
What are total budgeted cash disbursements in March for food and supply purchases?
