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QUESTION 5 Incorect 0.00 ponts out of 1 00 P Fiag question Budgeting Cash Floww...

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QUESTION 5 Incorect 0.00 ponts out of 1 00 P Fiag question Budgeting Cash Floww The following various elements relate to Whitfield, Inc's cash budget for April of the current year. For each item, determine the amount of cash that Whitfield should recelve or pay in April. a. At $29 each. unit sales are 5.000 and 6.000 for March and April, respectively. Total sales are typically 40% for cash and 60% on credit 30% of credit sales are collected in the month of sale, with the balance collected in the following month. Uncollectible accounts are negligible. March sales s 69,600 April cash sales 0,900x April credit sales Cash collected in Apri b. Merchandise purchases were $46,000 and $79,000 for March and April, respectively. Typically, 20% of total purchases are paid for in the month of purchase with a 5% cash discount. The balance of purchases is paid for (without discount) in the following month. 0 x March purchases April purchases Cash paid in April o x c. Fixed administrative expenses, which total $12.000 per month, are paid in the month incurred variable administrative expenses amount to 20% of total monthly sales revenue, one-half of which is paid in the month incurred, with the balance paid in the following month

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