Activity 4: Cash Budget All the purchases of Finnigan Company are made on account. Seventy percent o purchases are paid on the month of purchase and the remaining 30% are paid the follo month. Finnigan Co. avails itself of the 5% discount in full provided by the suppliers in purchases. Sixty percent of the sales of Finnigan Co. are made on account. Eighty percent o sales on account are made on the month of sale when the customers are granted 2% d Eighteen percent of the credit sales are collected the following month, but customers p beyond the discount period of 10 days from the date of sale. The remaining 2% is cons uncollectible. The following additional data are provided as follows:

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