Business, 05.05.2020 04:43 christicamp4515

Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following informaition relates to expected cash receipts and cash disbursements for the month ended September 30.a. Beginning cash balance, September 1, $40,000.b. Budgeted cash receipts from sales in September, $225,000.c. Raw materials are purchased on account. Purchase amounts are: August (actual), $80,000 and September (budgeted), $110,000. Payments for direct materials are made as follows: 65% in the month of purchase and 35% in the month following purchase. d. Budgeted cash disbursements for direct labor in Spetember, $40,000.e. Budgeted depricitaion expense for September, $4000f. Other cash expenses budgeted for September, $60,000g. Accrued income taxes payabel in September, $10,000h. Bank loan interest payabel in Septermber, $1,000

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Use the following information to prepare the September cash budget for PTO Manufacturing Co. The fol...

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