Question: urrent Attempt in Progress The controller is waiting on Metlock's budgeted cash disbursements so the cash budget can be wrapped up for next month, but
urrent Attempt in Progress
The controller is waiting on Metlock's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Metlock has just received the DM purchases budget from production. That budget shows DM purchases of $70,700 in March and $77,800 in April. Metlock generally pays 30% of these purchases in the month of purchase, with the remainder paid the next month. How much should Metlock budget for cash disbursements for the month of April? What is the budgeted balance of A/P going into May?
| Total cash disbursements | $enter a dollar amount | |
|---|---|---|
| A/P balance at end of April | $enter a dollar amount |
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