Homework Answers
Answer-
| ORIOLE CORPORATION | |
| CASH BUDGET | |
| FOR THE FIRST QUARTER | |
| Particulars | 1st Quarter |
| $ | |
| Beginning cash balance (A) | 34800 |
| Add- Budgeted cash receipts | |
| Collection from clients | 214600 |
| Sale of equipment | 3480 |
| Total cash available for use (B) | 252880 |
| Less- Cash Payments | |
| Payment for direct materials | 49880 |
| Direct labor | 81200 |
| Manufacturing overhead | 40600 |
| Selling & Administrative expenses | 52200 |
| Purchase of securities | 16240 |
| Total cash payments (C) | 240120 |
| Cash surplus/ (Deficit) (D=A+B-C) | 12760 |
| Financing:- | |
| Add-Borrowings | 16240 |
| Less-Repayments | 0 |
| Budgeted ending cash balance | 29000 |
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Oriole Corporation is projecting a cash balance of $34.800 in its December 31, 2019, balance sheet....
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Exercise 21-15 Deitz Corporation is projecting a cash balance of $36,960 in its December 31, 2016,...
Exercise 21-15
Deitz Corporation is projecting a cash balance of $36,960 in its
December 31, 2016, balance sheet. Deitz’s schedule of expected
collections from customers for the first quarter of 2017 shows
total collections of $227,920. The schedule of expected payments
for direct materials for the first quarter of 2017 shows total
payments of $52,976. Other information gathered for the first
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Deitz Corporation is projecting a cash balance of $ 37,830 in its December 31, 2016, balance sheet. Deitz's schedule of expected collections frarn customers for the first quarter of 2017 shows total callections af $233,285. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $ 54,223. Other information gathered for the first quarter of 2017 is sale of equipment s 3,783 ; direct labor $ aa, 270, manufacturing overhead $ 44,135,...
Exercise 21-15
Deitz Corporation is projecting a cash balance of $36,960 in its
December 31, 2016, balance sheet. Deitz’s schedule of expected
collections from customers for the first quarter of 2017 shows
total collections of $227,920. The schedule of expected payments
for direct materials for the first quarter of 2017 shows total
payments of $52,976. Other information gathered for the first
quarter of 2017 is sale of equipment $3,696; direct labor $86,240,
manufacturing overhead $43,120, selling and administrative expenses
$55,440;...
Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process. Sales Unit sales for November 2019 114,000 Unit sales for December 2019 102,000 Expected unit sales for January 2020 114,000 Expected unit sales for February 2020 113,000 Expected unit sales for March 2020 117,000 Expected unit sales for April 2020 126,000...
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