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What is slb budgeted cash payment for components in may

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Reference no: EM132521414

South Loop Bikes (SLB) purchases bicycle components in the month prior to assembling them into bicycles. Assembly is scheduled one month prior to budgeted sales. SLB pays 75% of component costs in the month of the purchase and 25% of the costs in the following month. Component costs included in budgeted cost of sales are:

April           May           June             July                  August

$5,000   $6,000         $7,000         $8,000            $8,000

Question 1: What is SLB's budgeted cash payment for components in May?

Reference no: EM132521414

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