A manufacturer forecasts the following for the month (in $):
200,000 cash collections from customers
120,000...
A manufacturer forecasts the following for the month (in $):
200,000 cash collections from customers
120,000 payment to suppliers
50,000 payment to employees
20,000 depreciation on production equipment
Further, the company has a $100,000 note payable at 6% annual
interest rate.
The company pays interest on a monthly basis.
Assume the beginning cash balance for the month is $40,000. What
is the projected ending balance for cash?
a. 49,500
b. 50,000
c. 69,500
d. 70,000
e. none of the above
A manufacturer forecasts the following for the month (in $):
200,000 cash collections from customers
120,000...
A manufacturer forecasts the following for the month (in $):
200,000 cash collections from customers
120,000 payment to suppliers
50,000 payment to employees
20,000 depreciation on production equipment
Further, the company has a $100,000 note payable at 6% annual
interest rate. The company pays interest on a monthly basis. Assume
the beginning cash balance for the month is $40,000. What is the
projected ending balance for cash?
a. 49,500
b. 50,000
c. 69,500
d. 70,000
e. none of the above
Cash Budget
The controller of Dash Shoes Inc. instructs you to prepare a
monthly cash budget...
Cash Budget
The controller of Dash Shoes Inc. instructs you to prepare a
monthly cash budget for the next three months. You are presented
with the following budget information:
March
April
May
Sales
$115,000
$148,000
$194,000
Manufacturing costs
48,000
64,000
70,000
Selling and administrative expenses
33,000
40,000
43,000
Capital expenditures
_
_
47,000
The company expects to sell about 12% of its merchandise for
cash. Of sales on account, 70% are expected to be collected in the
month following the...
Rice Company, a retailer, has provided the following information
pertaining to its recent year of operation:...
Rice Company, a retailer, has provided the following information
pertaining to its recent year of operation:
Net income, $100,000
Accounts receivable increased $9,000
Prepaid insurance decreased $3,000
Depreciation expense was $15,000
Gain on sale of land, $2,000
Wages payable decreased $7,000
Unearned revenue increased $11,000
Using the indirect method, how much was Rice's net cash provided
by operating activities?
$125,000
$115,000
$111,000
$89,000.
Cash Budget The controller of Bridgeport Housewares Inc.
instructs you to prepare a monthly cash budget...
Cash Budget The controller of Bridgeport Housewares Inc.
instructs you to prepare a monthly cash budget for the next three
months. You are presented with the following budget information:
September October November Sales $101,000 $126,000 $169,000
Manufacturing costs 42,000 54,000 61,000 Selling and administrative
expenses 35,000 38,000 64,000 Capital expenditures _ _ 41,000 The
company expects to sell about 10% of its merchandise for cash. Of
sales on account, 70% are expected to be collected in the month
following the...
The Cash Budget
ASNWER THE FOLLING USING EXCELL FORMAT
1. The Right Target, Inc., a
marketing...
The Cash Budget
ASNWER THE FOLLING USING EXCELL FORMAT
1. The Right Target, Inc., a
marketing research and consulting firm, is working on a cash budget
for July to December 2017. The staff has projected the following
cash collections and payments:
Month
Collections
Payments
Cash Sales
Credit Sales
Purchases
Wages
Miscellaneous Expenses
July
$10,000
$20,000
$15,000
$6000
$1,500
August
$12,000
$24,000
$18,000
$7,200
$2,000
September
$14,000
$28,000
$21,000
$8,400
$2,500
October
$16,000
$32,000
$24,000
$9,600
$3,000
November
$20,000
$40,000
$30,000...
Develop a cash budget for the next two months using the
information provided below
Monthly sales...
Develop a cash budget for the next two months using the
information provided below
Monthly sales
forecast are $210,000 and $30,000 for the next two months
The current month's sales were
$140,000
80% of sales are collected in
the month of sale, with the remainder collected in the following
month
Cost of goods sold equal 70%
of sales
The monthly lease payment is
$75,000
The cash position at the end
of the current month is $70,000
The target cash balance...
Nadia Company expects to have a cash balance of $44,800 on
January 1, 2020. Nadia has...
Nadia Company expects to have a cash balance of $44,800 on
January 1, 2020. Nadia has budgeted the following for the first two
months of the year 2020:
1.
Collections from customers:
January $90,900; February $109,300.
2.
Payments to suppliers: January
$39,900; February $49,500.
3.
Direct labour: January $29,700;
February $35,300. Wages are paid in the month they are
incurred.
4.
Manufacturing overhead: January
$25,000; February $30,200. Overhead costs are paid as
incurred.
5.
Selling and administrative
expenses: January $15,900;...
Cash Budget
The controller of Bridgeport Housewares Inc. instructs you to
prepare a monthly cash budget...
Cash Budget
The controller of Bridgeport Housewares Inc. instructs you to
prepare a monthly cash budget for the next three months. You are
presented with the following budget information:
September
October
November
Sales
$106,000
$137,000
$173,000
Manufacturing costs
45,000
59,000
62,000
Selling and administrative expenses
37,000
41,000
66,000
Capital expenditures
_
_
42,000
The company expects to sell about 10% of its merchandise for
cash. Of sales on account, 70% are expected to be collected in the
month following the...
Cash Budget Problem: Mia Company
Prepare Cash Budget for April, May, June
2018
Follow the following...
Cash Budget Problem: Mia Company
Prepare Cash Budget for April, May, June
2018
Follow the following to prepare the budget:
1. Real Sales
2018:
January
- $100,000
February
- $200,000
March
- $150,000
Projected for 2018: April
- $400,000
May
- $300,000
June
- $200,000
Sales Payment
History:
10% cash
40% Accts. Rec. – collected n/30 days
50% Accts. Rec. – collected n/60...