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Assume the following data for Pet Transport

Company:

Requirement

Prepare a cash budget for April for Pet Transport.

(Round your answers to the nearest whole dollar.)

Begin the cash budget by calculating the total cash available, then total disbursements, and finally the effects of financing and the ending cash balance. (Round amounts to the nearest whole dollar.)

Cash Budget
April 30
Cash balance, April 1
Add receipts
Total cash available for needs

Part 2

Deduct cash disbursements
Total disbursements

Part 3

Financing
Total effects of financing
Ending cash balance, April 30

Revenue Budget Manufacturing Overhead Budget For the Month of April Assumptions - Pet Transport (PT) does not make any sales on credit. PT sells only to the public and accepts cash and credit cards. Of its sales, 90% are to customers using credit cards, for which PT gets the cash right away, less a 2% transaction fee. - Purchases of materials are on account. PT pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March, PT owes suppliers $8,400. - PT plans to replace a machine in April at a net cash cost of $13,500. - Labour, other production costs, and nonproduction costs are paid in cash in the month incurred except of course, depreciation, which is not a cash flow. For April, $23,000 of the production cost and $10,000 of the nonproduction cost is depreciation. - PT currently has a $2,400 loan at an annual interest rate of 18%. The interest is paid at the end of each month. If PT has more than $10,000 cash at the end of April, it will pay back the loan. PT owes $5,100 in income taxes that need to be remitted in April. PT has cash of $6,400 on hand at the end of March

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