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Assume the following data for Animal Gear Company: (Click the icon to view the assumptions.) 2 (Click the icon to view budgetNonmanufacturing salaries Sales commissions Other nonmanufacturing fixed costs Machinery purchase Income taxes 6 Total disbur• Pet Luggage (PL) does not make any sales on credit. PL sells only to the public and accepts cash and credit cards; 90% of iRevenue Budget For the Month of April Selling Units price Total Revenues Cat-allac 580 $190 $110.200 Dog-eriffic 215 260 55,9

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Answer #1

Note: As in cash budget actual cash inflows and cash outflows is considered, for this the amount of transaction fee is deducted from the total credit card sales to get the actual cash inflow.

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