Good evening,
I am hoping that someone can review my answers below and let me know if my answers are correct? Thank you!
Cash Budget: | ||||||||||
April | May | June | ||||||||
Beginning balance | 570000 | 570000 | 2093334 | |||||||
Add: Cash collection from sales | (Note:1) | 10300000 | 11610000 | 13000000 | ||||||
Total cash available | 1 | 10870000 | 12180000 | 15093334 | ||||||
Less: Payments | ||||||||||
Cash payment for purchase | (Note:2) | 4486800 | 5033200 | 5617200 | ||||||
Wages and fringe benefits | 3690000 | 3990000 | 4500000 | |||||||
(30% of current month sales) | (12300000*0.30) | (13300000*0.30) | (15000000*0.30) | |||||||
Salaries and fringe benefits | ||||||||||
(3600000/12) | 300000 | 300000 | 300000 | |||||||
Promotion | (3900000/12) | 325000 | 325000 | 325000 | ||||||
Property taxes | (1480000/4) | 370000 | ||||||||
Insurance | (1380000/12) | 115000 | 115000 | 115000 | ||||||
Utilities | (1600000/12) | 133333 | 133333 | 133333 | ||||||
Income tax | (3600000*40%) | 1440000 | 0 | 0 | ||||||
Total payments | 2 | 10490133 | 9896533 | 11360533 | ||||||
Preliminary cash balance | (1-2) | 379867 | 2283467 | 3732800 | ||||||
Borrowal/ (Repayment) | (570000-379867) | 190133 | -190133 | 0 | ||||||
Ending cash balance | 570000 | 2093334 | 3732800 | |||||||
Note: 1- Cash collection from sales | ||||||||||
April | May | June | ||||||||
February sales | 11000000 | |||||||||
30% colllected two months after sales | 3300000 | |||||||||
March sales | 10000000 | |||||||||
70% collected the month after sale | 7000000 | |||||||||
30% colllected two months after sales | 3000000 | |||||||||
April sales | 12300000 | |||||||||
70% collected the month after sale | 8610000 | |||||||||
30% colllected two months after sales | 3690000 | |||||||||
May sales | 13300000 | |||||||||
70% collected the month after sale | 9310000 | |||||||||
Total | 10300000 | 11610000 | 13000000 |
Good evening, I am hoping that someone can review my answers below and let me know...
Good evening, I am hoping that someone can check my answers below and let me know if they are correct? Thank you!
Good evening, I am hoping that someone might be able to review my answers below and let me know if the math is correct? !
Good evening, I am hoping that someone can double check my answers below and let me know if the math is correct? Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 15,500 students are enrolled on campus; however, the admissions office is forecasting a 6 percent growth in the student body despite a tuition hike to $70 per credit hour. The following additional information has been gathered from an examination of university records and...
Hello! I am hoping that someone can provide me with an example for this question. I am supposed to write a confidence interval problem (not solve it) using this option-- "Think about a population mean that you may be interested in and propose a confidence interval problem for this parameter. Your data values should be approximately normal. For example, you may want to estimate the population mean number of times that adults go out for dinner each week. Your data...
Good Evening, I am a bit confused with what I need to do for the question below. Any help would be greatly appreciated. Thank you
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good evening .. excuses me I need to get a supplier agreement form or sample. I need someone to give me a form or sample about a supplier agreement. I need to know the structure of the agreement between the company and supplier.
Good evening, I am having some difficulty with this problem. Could someone please help me. If you wouldn't mind showing your work, this way I will understand how to work a problem like this in the future. Thank you in advance for your help. Module 5 Homework i Saved 3 Ringmeup Inc. had net income of $168,700 for the year ended December 31, 2019. At the beginning of the year, 37,000 shares of common stock were outstanding. On May 1,...
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