1 & 2
Cash Collections | $ 6,44,500 | =99800+622000*20%+558000*60%+475000*18% |
Cash Disbursement for purchases | $ 3,19,000 | =375000*30%+206500 |
3.
Cash Budget | |
December | |
Beginning Balance | $ 50,800 |
Cash Collections | $ 6,44,500 |
Total Cash Available | $ 6,95,300 |
Cash Disbursements | |
Purchases | $ 3,19,000 |
Selling and Administrative Expenses | $ 3,50,800 |
New web server | $ 80,000 |
Dividend paid | $ 14,500 |
Total Cash Disbursements | $ 7,64,300 |
Preliminary Ending Balance | $ -69,000 |
Financing | |
Borrowings | $ 89,000 |
Repayment | |
Interest | |
Total Financing | $ 89,000 |
Ending Balance | $ 20,000 |
Problem 8-21 Schedules of Expected Cash Collections and Disbursements [LO8-2, LO8-4, LO8-8] You have been asked...
Problem 8-21 Schedules of Expected Cash Collections and Disbursements (L08-2, LO8-4, LO8-8) You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following Information is available about the company's operations: a. The cash balance on December 1 is $41,000. b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account October November December $ 68,400 $ 87.400 $ 95,800 $ 415,000 $...
Problem 8-21 Schedules of Expected Cash Collections and Disbursements [LO8-2, LO8-4, LO8-8] You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: a. The cash balance on December 1 is $53,400. b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account October November December $ 27.000 $ 81,200 $ 87,800 $ 435,000 $538,000...
Thanks for the help!
Problem 8-21 Schedules of Expected Cash Collections and Disbursements (LOB-2, L08-4LO8-8] You have been asked to prepare a December cash budoet for Ashton Company, a distributor of exercise equipment. The following Information is available about the company's operations The cash balance on December 547500 b. Actual sales for October and November and expected sales for December are as follows: Otober Novexter Dec 3 , 00 3, 00 $ 405.000 615,000 $628000 Sales on account are collected...
You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: a. The cash balance on December 1 is $41,000. b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account October November December $ 68,400 $ 87,400 $ 95, 800 $ 415,000 $ 614,000 $ 692,000 Sales on account are collected over a three-month...
You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: a. The cash balance on December 1 is $41,000. b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account October November December $ 68,400 $ 87,400 $ 95,800 $ 415,000 $ 614,000 $ 692,000 Sales on account are collected over a three-month period...
please help with these questions,
managerial cost accounting.. thank you
You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: a. The cash balance on December 1 is $58,600. b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account October November December $ 73,200 $ 78,000 $ 92,000 $ 485,000 $ 568,000 $...
You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: points a. The cash balance on December 1 is $56,600. b. Actual sales for October and November and expected sales for December are as follows: eBook Cash sales Sales on account October November December $ 71,200 $ 73,400 $ 86,200 $ 440,000 $ 576,000 $ 639,000 Print Sales on account are collected over...
You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: a. The cash balance on December 1 is $58,600. b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account October $ 73,200 $ 485,000 November December $ 78,000 $ 92,000 $ 568,000 $ 663,000 Sales on account are collected over a three-month period...
You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: a. The cash balance on December 1 is $58,600. b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account October November December $ 73,200 $ 78,000 $ 92,000 $ 485,000 $ 568,000 $ 663,000 Sales on account are collected over a three-month period...
You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: a. The cash balance on December 1 is $41,000 b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account October November December $ 68, 400 $ 87,400 $ 95,800 $ 415, 000 $ 614,000 $ 692,000 Sales on account are collected over a...