Capital Industries budgeted monthly sales are $15,000, and they
are constant from month to month. 25%...
Capital Industries budgeted monthly sales are $15,000, and they
are constant from month to month. 25% of its customers pay in the
first month and take the 2% discount, while the remaining 75% pay
in the month following the sale and do not receive a discount. The
firm has no bad debts. Purchases for next month’s sales are
constant at 40% of projected sales for the next month. “Other
payments,” which include wages and rent, are 15% of sales for...
Kraft budgeted sales are $10,000 per month and let's assume the
sales stay the same every...
Kraft budgeted sales are $10,000 per month and let's assume the
sales stay the same every month. Its customers pay Kraft based on
the following pattern: 20% will pay in the month of sales and take
a 3% discount, the remaining customers pay in the month following
the sale and take a 1% discount (even though they shouldn't). Kraft
has no bad debt on its collection. Kraft inventory purchase every
month is based on 30% of next month's projected sales...
1A. Big City
Manufacturing (BCM) is preparing its cash budget and expects to
have sales of...
1A. Big City
Manufacturing (BCM) is preparing its cash budget and expects to
have sales of $450,000 in January, $375,000 in February, and
$555,000 in March. If 20% of the sales are for cash, 45% are credit
sales paid in the month after the sale, and another 35% are credit
sales paid 2 months after the sale, what are the expected cash
receipts for March? Enter your answer rounded to two decimal
places. Do not enter $ or comma in...
In problem 7, Big City Manufacturing (BCM) assumed that all
credit sales were paid in full,...
In problem 7, Big City Manufacturing (BCM) assumed that all
credit sales were paid in full, with no bad debt expense. For this
problem, please assume that bad debt expense is again 0% for BCM.
Purchases for next month's sales are 50% of projected sales for the
next month, and April sales are estimated to be $495,000; purchases
for April are paid in cash in March. "Other payments," which
include wages, rent, and taxes, are 25% of sales for the...
In a previous question, Big City Manufacturing (BCM)
assumed that all credit sales were paid in...
In a previous question, Big City Manufacturing (BCM)
assumed that all credit sales were paid in full, with no bad debt
expense. For this problem, please assume that bad debt expense is
again 0% for BCM. Purchases for next month's sales are 50% of
projected sales for the next month, and April sales are estimated
to be $495,000; purchases for April are paid in cash in March.
"Other payments," which include wages, rent, and taxes, are 25% of
sales for...
Month
Budgeted Cash Sales
Budgeted Credit Sales
Budgeted Cash Purchases
Budgeted Credit Purchases
December
8,000
21,000...
Month
Budgeted Cash Sales
Budgeted Credit Sales
Budgeted Cash Purchases
Budgeted Credit Purchases
December
8,000
21,000
January
9,000
23,000
February
11,000
25,000
March
77,800
12,000
12,000
22,000
March
68,500
12,500
12,500
23,500
May
72,000
12,300
12,300
24,500
Wages & other operating expenses are estimated as
follows:
Month
Wages
Other Expenses
March
20,000
28,000
April
17,500
22,000
May
20,000
23,000
Newequipment purchased in February for $16,750 istobepaid
forin April.
New furniture purchased in March for $15,000 isto be paid...
Built-Tight is preparing its master budget for the quarter ended
September 30. Budgeted sales and cash...
Built-Tight is preparing its master budget for the quarter ended
September 30. Budgeted sales and cash payments for product costs
for the quarter follow.
July
August
September
Budgeted sales
$
59,500
$
75,500
$
52,500
Budgeted cash payments for
Direct materials
17,060
14,340
14,660
Direct labor
4,940
4,260
4,340
Factory overhead
21,100
17,700
18,100
Sales are 30% cash and 70% on credit. All credit sales are
collected in the month following the sale. The June 30 balance
sheet includes balances...
A company is preparing its cash budget for next year. The
accounts receivable at the beginning...
A company is preparing its cash budget for next year. The
accounts receivable at the beginning of next year are expected to
be £240,000. The budgeted sales are £3,000,000 and will occur
evenly throughout the year. 75% of the budgeted sales will be cash
and the remainder will be on credit. Credit customers pay in the
month following sale. The budgeted total cash receipts from
customers next year are:
Cash budget-Basic.
Grenoble Enterprises had sales of $50,000 in March and $60,400
in April. Forecast sales...
Cash budget-Basic.
Grenoble Enterprises had sales of $50,000 in March and $60,400
in April. Forecast sales for May, June, and July are $69,900,
$79,600, and $100,300, respectively. The firm has a cash balance
of $4,500 on May 1 and wishes to maintain a minimum cash balance of
$4,500. Given the following data, prepare and interpret a cash
budget for the months of May, June, and July.
(1) The firm makes 18% of sales for cash, 62% are collected in...