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  3. abc company's budgeted sales for june, july, and a

ABC Company's budgeted sales for June, July, and August are 14,600. 18,600, and 16,600 units...

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Accounting

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ABC Company's budgeted sales for June, July, and August are 14,600. 18,600, and 16,600 units respectively. The selling price for each unit is $12. Based on past experience ABC expects that 40% of a month's sales will be collected in the month of sale, 55% in the following month, aid 3% n e se o d month fo lowing the sae ABC Company ha h biance r sa ii on h c i n! requires a minimum ending cash balance of 533,000. Cash disbursement $41,000; bond retirements, $63,000; and dividend payments, $28,000 s budgeted for August include inventory purchases, $30,000; other manufacturing expenses, $56,000; operating expenses, Required: Prepare a cash budget for ABC Company for August August Beginning cash balance Cash Receipts: Total cash available Cash Total cash disbursements Ending cash balance

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