Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018: April May June
Credit sales $322,000 $302,000 $362,000
Credit purchases 130,000 153,000 178,000
Cash disbursements $322,000 $302,000 $362,000
Wages, taxes, and
expenses 44,200 11,200 82,000
Interest 154,000 11,700 11,200
Equipment
purchases 63,200 11,200 0
The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase In March 2017, credit sales were $192,000, and credit purchases were $132,000. Using this information, complete the following cash budget.
April May June
Beginning cash balance $125,000
Cash receipts
Cash collections from credit sales
Total cash available
Cash disbursements
Purchases
Wages, taxes, and expenses
Interest
Equipment purchases
Total cash disburs ements
Ending cash balance

Nashville Nougats, Inc.

Cash Budget for the second quarter of 2018:

                                                               April         May        June

Beginning cash balance                  $125,000  $(34,000)   $99,800

Cash receipts                                    

Cash collections from credit sales   234,400 $297,900  $310,900

Total cash available                        $359,400 $263,900  $410,700

Cash disbursements

Purchases                                        $132,000 $130,000  $153,000

Wages, taxes, and expenses             44,200       11,200     82,000

Interest                                              154,000       11,700       11,200

Equipment purchases                       63,200       11,200               0

Total cash disbursements            $393,400  $164,100 $246,200

Ending cash balance                     $(34,000)  $99,800  $164,500

Explanation:

a) Data and Calculations:

                                          April            May          June

Credit sales                 $322,000 $302,000  $362,000

Credit purchases           130,000     153,000     178,000

Cash disbursements:

Wages, taxes, and

 expenses                     44,200         11,200     82,000

Interest                         154,000         11,700       11,200

Equipment  purchases  63,200         11,200               0

                                   March         April            May          June

Credit sales             $192,000 $322,000 $302,000  $362,000

40% month of sale                    $128,800  $120,800   $144,800

55% ffg month of sale                105,600      177,100      166,100

Cash collections                       $234,400 $297,900  $310,900

                                    March         April            May          June

Credit purchases      132,000   130,000     153,000     178,000

Cash payment                           132,000     130,000     153,000

explanation:

kool beans

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )