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Al Dentes cash balance on March 1 is $2,500. It has provided the following...

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Accounting

Al Dentes cash balance on March 1 is $2,500. It has provided the following information for the month of October:
Sales are budgeted to be $157,000 in March. February sales were $181,500 and January sales were $196,200.15% of sales are collected in cash, with the remaining 85% being credit sales. Collection of credit sales are made according to the following schedule:
60% in the month of sale
30% in the month following sale
10% in the second month following sale.
Food and supply purchases are expected to be $120,000 in March. Food and supply purchases in February were $150,000. Al Dentes pays 25% in the month of purchase, and 75% in the month following.
Other cash disbursements total $24,900
Depreciation for the month is budgeted to be $900.
Al Dentes would like to maintain a minimum cash balance of $2,500. Borrowings, if needed, are made in $1,000 increments at 1% interest per month.
1.How much cash is budgeted to be collected in March from February's credit sales?
2.What are total budgeted cash disbursements in March for food and supply purchases?

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