The controller is waiting on Coronado's budgeted cash disbursements so the cash budget can be wrapped...

Transcribed Image Text:

The controller is waiting on Coronado's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Coronado has just received the DM purchases budget from production. That budget shows DM purchases of $81,100 in March and $74,700 in April. Coronado generally pays 30% of these purchases in the month of purchase, with the remainder paid the next month How much should Coronado budget for cash disbursements for the month of April? What is the budgeted balance of A/P going into May? Total cash disbursements A/P balance at end of April $ $ LA The controller is waiting on Coronado's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Coronado has just received the DM purchases budget from production. That budget shows DM purchases of $81,100 in March and $74,700 in April. Coronado generally pays 30% of these purchases in the month of purchase, with the remainder paid the next month How much should Coronado budget for cash disbursements for the month of April? What is the budgeted balance of A/P going into May? Total cash disbursements A/P balance at end of April $ $ LA

Answer rating: 100% (QA)

Payment for April purchases ... View the full answer