The budgeted sales of Berries Batteries for March and April are as follows: April $600 000 May $580 000 Cost of goods sold for the company is 40% of sales. Company policy states that ending inventory must be 150% of next month's cost of goods sold. 60% of purchases are paid in the month of purchase, with the rest paid in the following month. The budgeted cost of purchases in March is $250,000. Based on this information, what are the cash disbursements for purchases in April?

A company budgeted the following purchases for raw materials:Month January February March April May June JulyBudget $10,000 $20,000 $25,000 $22,000 $27,000 $30,000 $24,000The company has a policy of paying for 40% of the purchases in the month of purchase, 35% in the month following the purchase, and 25% in the second month following the purchase.Based on this information, what are the budgeted cash disbursements for May? $18,500 $27,300 $25,050 $24,750

Based on the following information, cash disbursements for March equals $. (Enter your answer as a whole number.) January purchases = $200,000February purchases = $300,000March purchases = $350,000 Assumptions for the budget:• 55 percent is paid in the month of purchase• 43 percent is paid in the month following the purchase• 2 percent taken as a cash discount for early payment

The Model Company is to begin operations in April. It has budgeted April sales of $70,000, May sales of $74,000, June sales of $80,000, July sales of $82,000, and August sales of $78,000. Note that 10% of each month's sales is expected to represent cash sales; 75% of the balance is expected to be collected in the month following the sale, 17% the second month, 6% the third month, and the balance is expected to be uncollectible.The Model Company is considering charging 1 1/2% on any balance that is not collected in the month following the month of sale. This charge would also change the collection percentages to 15% cash sales, 80% of the balance collected in the month following the sale, 16% the second month, and 3% the third month. This stricter credit policy will reduce the estimated sales budgets by 7% each month. Under this stricter credit policy, what is the amount of cash to be collected in July?Multiple Choice$77,157$73,216$71,338$79,191

Given the following information, calculate cash disbursements for February: January purchases = $200,000February purchases = $300,000March purchases = $350,000 Assumptions for the budget:• 55 percent is paid in the month of purchase• 43 percent is paid in the month following the purchase• 2 percent taken as a cash discount for early paymentMultiple choice question.$315,070$245,980$239,000$251,000

During March a firm purchased $38,300 of merchandise and paid freight charges of $5,370. If the net delivered cost of purchases at the end of March is $33,980, what is the total purchases returns and allowances for March?