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 Prepare a cash payments budget for April through July

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 Prepare a cash payments budget for April through July. April May June July From This Month From Last Month Book Cash Payments rint Fences c. Prepare a cash receipts budget for April through July. (Do not round intermediate calculations.) April May June July Cash Sales Collected in the Month of Sale Collected the following Month Cash Collected Prev 1 of 1 11 Next 3,173 NOVI elta College 1 McGraw-Hill Connect M Question 1 - Extra Credit (10 Points) -... (92,620 unread) - vanessalupian90@ Points) - Chapter 8 (10/28 - 11... Saved Help Save & Exit Submit 10 Check my work Carmen's cost of sales averages 65% of revenues. The inventory policy is to carry 30% of next month's sales needs. April 1 inventory will be as expected under the policy. Carmen pays for purchases 40% in the month of purchase and 60% the following month. Accounts payable on April 1 is $125,000. a. Prepare a purchases budget for as many months as is possible. April May June July August % % % % Sales Cost of Sales Percentage Cost of Sales Ending Inv Beginning Inv Purchases b)Prepare a cash payments budget for April through July. April May June July From This Month From Last Month