B C D 2 3 Data January February March 4 Actual January and February and expected March sales: 5 Cash sales $1,600 $3,750 $5,100 6 Sales on account 25,000 30,000 40,000 7 Total Sales $26,600 $33,750 $45,100 8 9 Accounts Receivable Collections: 10 Month of sale 11 Month following sale 12 Second month following sale 13 Uncollectible 15% 60% 22% 3% 14 Accounts payable for inventory purchases, March 1 balance 15 Budgeted inventory purchases in March $10,500 $23,500 16 Inventory payments: + 17 Month of purchase 18 Month following purchase 60% 40% 19 20 Total budgeted selling & administrative expenses in March (including depreciation) $12,500 21 Budgeted depreciation in March (included in total selling and admin exp) $3,200 22 23 Other budgeted cash disbursements in March 24 Equipment purchases 25 Dividends to be paid 26 27 Minimum cash balance to be maintained 28 March 1 cash balance 29 March 1 outstanding borrowings 30 March 1 interest due 21 $14,000 $2,000 $10,000 $11,500 $0 $0