Question 10 - Exercises - Algor X C Exercise 20-22 (Algo) Manufaccourse Hero X G calculator - Google Search X + ( ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASSBKE... ( ) * 1 0 Update : M Gmail YouTube Maps BIOL 1111 Lab- Sp... Bb WGTC - Blackboa... O My Apps Dashboa M McGraw-Hill Conn... Course Home Exercises - Algorithmic (Part 2) i Saved Help Save & Exit Submit Check my work 10 Exercise 22-22 (Algo) Manufacturing: Cash budget LO P2 Use the following information to prepare the September cash budget for PTO Company. Ignore the "Loan activity" section of the 8 budget. points a. Beginning cash balance, September 1, $43,000. b. Budgeted cash receipts from September sales, $261,000 c. Direct materials are purchased on credit. Purchase amounts are August (actual), $80,000; and September (budgeted), $106,000. Payments for direct materials follow: 70% in the month of purchase and 30% in the first month after purchase. eBook d. Budgeted cash payments for direct labor in September, $35,000. e. Budgeted depreciation expense for September, $3,000. f. Budgeted cash payment for dividends in September, $59,000 Hint g. Budgeted cash payment for income taxes in September, $10,000. h. Budgeted cash payment for loan interest in September, $1,000. Print PTO COMPANY Cash Budget References September Beginning cash balance Add: Cash receipts from sales Total cash available Add: Cash payments for Total cash payments Ending cash balance $ Mc Graw Hill