A MyASUS Software -... G Gmail Maps WU WU GlobalPay h ReturnPermit Servic.. New tab He ICA Smart Services Sapna Explain fo... Consider the following information that will assist you in preparing a cash budget for TANMA COMPANY for the month of September: The cash balance on September 1st is expected to be $8,000. Revenue from sales Purchases (merchandise) August $33,000 $18,000 September $52,000 $26,000 Traditionally, 75% of all sales are cash sales collected in the same month as the sale; the remaining 25% of all sales are collected in the month following the sale. Also, 55% of the purchases of merchandise are paid for in the same month as the purchase; the remaining 45% of the purchases are paid for in the month following the purchase. The following expenses are expected to be incurred in the month of September: Wages $16,000 Depreciation 14.000 Office supplies. 1.500 Utilities 3.500 Additional Information: The company pays a commission to their sales manager equal to 4% of monthly sales revenue. The commission is paid in the month following the month to which it relates.. The company has purchased a new insurance policy with a total annual cost of $1,200. The insurance contract calls for this to be paid in equal monthly installments. The company plans on purchasing a new computer system for $15,000. The full amount will be paid in October. However, in September, the company plans on selling their old computer system for sinon auch nonando AIR 1.899 Additional Information: The company pays a commission to their sales manager equal to 4% of monthly sales revenue. The commission is paid in the month following the month to which it relates. The company has purchased a new insurance policy with a total annual cost of $1,200. The insurance contract calls for this to be paid in equal monthly installments. The company plans on purchasing a new computer system for $15,000. The full amount will be paid in October. However, in September, the company plans on selling their old computer system for $4,000 cash proceeds. Required: Prepare a Cash Budget for TANMA COMPANY for the month of SEPTEMBER. Note: Provide your answer on the cash budget worksheet provided in your answer package or on your own working paper.. Show supporting calculations (where applicable) for amounts reported on your cash budget ZTCOY 4.00% search