I already have the question completed to my best ability, but am

I already have the question completed to my best ability, but am just looking for someone to double check it. Here’s the question again in case it didn’t go through on the little bar above, and my answer is posted below:   The treasurer of Unisyms Company has accumulated the following budget information for the first two months of the coming year:     March April Sales. $450,000 $520,000 Manufacturing costs  290,000   350,000 Selling and administrative       expenses    41,400   46,400 Capital additions  250,000 —       The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are expected to be paid in March. Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000. Prepare a monthly cash budget for March and April. —————————————————————————————-   Unisyms Company   Unisyms Company Schedule of Collections from Sales   Cash Budget For Two Months Ending April 30   For Two Months Ending April 30   March April     March April Cash Sales: $157,500 $182,000   Estimated Cash receipts from:                  Cash Sales $157,500 $182,000 Sales on Account:            Collections of accounts receivable $285,000 $328,900      Collection from month prior sales $51,000 $58,500             Total cash receipts $442,500 $510,900      Collection from current month’s sales $234,000 $270,400   Estimated cash payments for:     Total Sales on Account $285,000 $328,900        Manufacturing costs $174,500 $305,000         Selling and administrative expenses $37,000 $37,500         Capital additions $250,000   Unisyms Company   Note Payable     Schedule of Payments for Manufacturing Costs   Dividends     For Two Months Ending April 30   Income taxes   $40,000   March April        Total cash payments $461,500 $382,500 Payments of prior month’s manufacturing costs $102,000 $217,500   Cash increase (decrease) ($19,000) $128,400 Payments of current month’s manufacturing costs $72,500 $87,500   Cash balance at beginning of month $45,000 $26,000 Total Payments $174,500 $305,000   Cash balance at end of month $26,000 $154,400         Minimum cash balance $20,000 $20,000         Excess (deficiency) $6,000 $134,400 Unisyms Company         Schedule of Payments for Selling & Admin Expenses         For Two Months Ending April 30           March April         Payments of prior month’s manufacturing costs $19,500 $17,500         Payments of current month’s manufacturing costs $17,500 $20,000         Total Payments $37,000 $37,500                                       March April         Sales: $450,000 $520,000         Manufacturing Costs: $290,000 $350,000         Selling & Admin Expenses: $41,400 $46,400         Capital Additions: $250,000           Total Sales on Account: $292,500 $338,000                       March 1 Current Assets:             Cash: $45,000           Accounts Receivable: $51,000           March 1 Current Liabililities:             Accounts Payable: $121,500           Materials Purchased: $102,000           Operating Expenses: $19,500

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