Answer:
Tadpole Learning Systems Inc.
Schedule of Cash Payments for Selling and Administrative Expenses:
March April May
59% paid in the month $77,172 $69,325 $61,242
Balance in the following month $53,628 $48,175
Total $77,172 $122,953 $109,417
Explanation:
a) Data and Calculations:
March April May
Selling and admin. expenses $165,800 $152,500 $138,800
Depreciation, insurance, and
property taxes 35,000 35,000 35,000
Remainder $130,800 $117,500 $103,800
59% paid in the month $77,172 $69,325 $61,242
Balance in the following month $53,628 $48,175
Total $77,172 $122,953 $109,417