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INSTRUCTIONS: Prepare a Unisyms Company Cash Budget for March and April Of sales on account,...

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INSTRUCTIONS: Prepare a Unisyms Company Cash Budget for March and April Of sales on account, 70% are expected to lowing the Regarding cash receipts. The company expects to sell about 20% of its merchandise for cash sale and the remainder in the next month. Sales are: eco ected in emonth January Sales were $490,000 February Sales $500,000 March Sales $450,000 April Sales $520,000 Regarding cash payments: Manufacturing costs are expected to be $174,500 in March and $305,000 in April and are paid in the month incurred. Selling and administrative expenses are expected to be $37,000 in March and $37,500 in Apil and are paid in the month incurred. Income taxes of $40,000 are expected to be paid in April Capital additions of $250,000 are expected to be paid in March Regarding beginning balances Cash on March 1 is $45,000. The minimum cash balance is $20,000

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