Homework Answers
Answer
- Requirement
|
April |
May |
June |
|
|
Current month purchases 70% |
$56,000 |
$77,000 |
$84,000 |
|
Ending accounts payable 30% |
$24,000 |
$33,000 |
$36,000 |
|
Total Purchases |
$80,000 |
$110,000 |
$120,000 |
|
April |
May |
June |
|
|
Cash payments for: |
|||
|
Current month purchase |
$56,000 |
$77,000 |
$84,000 |
|
Prior month purchase |
$22,000 |
$24,000 |
$33,000 |
|
Budgeted cash payments for materials |
$78,000 |
$101,000 |
$117,000 |
- Workings
|
April |
May |
June |
|
|
Current month purchases 70% |
=80000*70% |
=110000*70% |
=120000*70% |
|
Ending accounts payable 30% |
=80000*30% |
=110000*30% |
=120000*30% |
Add Answer to:
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $80,000; May, $110,000; and...
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $80,000; May, $110,000; and...
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $80,000; May, $110,000; and June, $120,000. Payments are made as follows: 70 % in the month of purchase and 30 % in the month after purchase. The March 31 balance of accounts payable is $22,000 Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases 70% Ending accounts payable 30 % Total purchases ZISK CO. Schedule of Cash Payments For...
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $86,000; May, $116,000; and...
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $86,000; May, $116,000; and June, $126,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $28,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases 70% Ending accounts payable 30% Total purchases Zisk Co. Schedule of Cash Payments For April, May, and...
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $99,000; May, $129,000; and...
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $99,000; May, $129,000; and June. $139,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $41,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June 70% Current month purchases Ending accounts payable Total purchases 30% $ 0 $ 0 $ 0 Zisk Co. Schedule of...
16. Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $98.000. May. $128.000,...
16. Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $98.000. May. $128.000, and June. $138,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $40,000 Prepare a schedule of budgeted cash payments for April May, and June points April Way 70% Current month purchases Ending accounts payable Total purchase Zisk Co Schedule of Cash Payments For April May, and...
Green Book Green Book International purchases raw materials on account. Budgeted purchase amounts are April, $93,000;...
Green Book
Green Book International purchases raw materials on account. Budgeted purchase amounts are April, $93,000; May, $123,000; and June, $133,000. Payments are made as follows: 75% in the month of purchase and 25% in the month after purchase. The March 31 balance of accounts payable is $35,000. Prepare a schedule of budgeted cash payments for April, May, and June April May June Jun Current month purchases Ending accounts payable Total purchases 75% 25% 0 $ GREEN BOOK INTERNATIONAL May...
Vernon Books expects to purchase the following supplies: April May June Required purchases (on account) $...
Vernon Books expects to purchase the following supplies:
April
May
June
Required purchases (on account)
$
110,000
$
130,000
$
142,000
Vernon Books’s accountant prepared the following schedule of
cash payments for supplies purchases. Vernon Books’s suppliers
require that 85 percent of purchases on account be paid in the
month of purchase; the remaining 15 percent are paid in the month
following the month of purchase.
Required
Complete the schedule of cash payments for supplies purchases by
filling in the...
A company budgeted the following purchases for raw materials: Month January February March April May June...
A company budgeted the following purchases for raw materials: Month January February March April May June July Budget $10,000 $20,000 $25,000 $22,000 $27,000 $30,000 $24,000 The company has a policy of paying for 40% of the purchases in the month of purchase, 35% in the month following the purchase, and 25% in the second month following the purchase. Based on this information, what are the budgeted cash disbursements for May?
Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production....
Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April $374,300 May 410,300 June 416,700 Wight typically pays 30% on account in the month of billing and 70% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?
Fanning Books expects to purchase the following supplies: April May June Required purchases (on account) $...
Fanning Books expects to purchase the following supplies:
April
May
June
Required purchases (on account)
$
112,000
$
132,000
$
144,000
Fanning Books’s accountant prepared the following schedule of
cash payments for supplies purchases. Fanning Books’s suppliers
require that 85 percent of purchases on account be paid in the
month of purchase; the remaining 15 percent are paid in the month
following the month of purchase.
Required
Complete the schedule of cash payments for supplies purchases by
filling in the...
Walton Books expects to purchase the following supplies: Required purchases (on account) April $114,000 May $134,000...
Walton Books expects to purchase the following supplies: Required purchases (on account) April $114,000 May $134,000 June $146,000 Walton Books's accountant prepared the following schedule of cash payments for supplies purchases. Walton Books's suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. Required a. Complete the schedule of cash payments for supplies purchases by filling in the missing amounts....
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $80,000; May, $110,000; and June, $120,000. Payments are made as follows: 70 % in the month of purchase and 30 % in the month after purchase. The March 31 balance of accounts payable is $22,000 Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases 70% Ending accounts payable 30 % Total purchases ZISK CO. Schedule of Cash Payments For...
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $99,000; May, $129,000; and June. $139,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $41,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June 70% Current month purchases Ending accounts payable Total purchases 30% $ 0 $ 0 $ 0 Zisk Co. Schedule of...
16. Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $98.000. May. $128.000, and June. $138,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $40,000 Prepare a schedule of budgeted cash payments for April May, and June points April Way 70% Current month purchases Ending accounts payable Total purchase Zisk Co Schedule of Cash Payments For April May, and...
Green Book
Green Book International purchases raw materials on account. Budgeted purchase amounts are April, $93,000; May, $123,000; and June, $133,000. Payments are made as follows: 75% in the month of purchase and 25% in the month after purchase. The March 31 balance of accounts payable is $35,000. Prepare a schedule of budgeted cash payments for April, May, and June April May June Jun Current month purchases Ending accounts payable Total purchases 75% 25% 0 $ GREEN BOOK INTERNATIONAL May...
Vernon Books expects to purchase the following supplies:
April
May
June
Required purchases (on account)
$
110,000
$
130,000
$
142,000
Vernon Books’s accountant prepared the following schedule of
cash payments for supplies purchases. Vernon Books’s suppliers
require that 85 percent of purchases on account be paid in the
month of purchase; the remaining 15 percent are paid in the month
following the month of purchase.
Required
Complete the schedule of cash payments for supplies purchases by
filling in the...
Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April $374,300 May 410,300 June 416,700 Wight typically pays 30% on account in the month of billing and 70% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?
Fanning Books expects to purchase the following supplies:
April
May
June
Required purchases (on account)
$
112,000
$
132,000
$
144,000
Fanning Books’s accountant prepared the following schedule of
cash payments for supplies purchases. Fanning Books’s suppliers
require that 85 percent of purchases on account be paid in the
month of purchase; the remaining 15 percent are paid in the month
following the month of purchase.
Required
Complete the schedule of cash payments for supplies purchases by
filling in the...
Walton Books expects to purchase the following supplies: Required purchases (on account) April $114,000 May $134,000 June $146,000 Walton Books's accountant prepared the following schedule of cash payments for supplies purchases. Walton Books's suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. Required a. Complete the schedule of cash payments for supplies purchases by filling in the missing amounts....
Most questions answered within 3 hours.
-
The inverse demand function for good X is P = 5−0.05Q. The
firm’s cost curve is...
asked 53 seconds from now -
The table to the right lists probabilities for the corresponding
numbers of girls in three births....
asked 45 seconds ago -
The Fresh Connection is really pushing the new line of juice
products. Given that it takes...
asked 4 minutes ago -
An acute decrease in mean arterial pressure (by getting up very
quickly, for instance) will cause...
asked 3 minutes ago -
Is the pH of solutions important when using the Fluoride ISE? If
so, why?
asked 7 minutes ago -
Producer surplus is:
a.
always equal to consumer surplus.
b.
the amount paid to sellers above...
asked 8 minutes ago -
In 2005, Derrek Lee led the National Baseball League with a
0.335 batting average, meaning that...
asked 27 minutes ago -
Write a recursive function moreFactors(a,b,fact) that does the
following:
1. Takes as an input 3 positive...
asked 26 minutes ago -
In order for corporations to behave ethically, they must,
ultimately, give up the profit motive.
...
asked 27 minutes ago -
Blue Spruce Corp. owns equipment that cost $63,400 when
purchased on January 1, 2017. It has...
asked 47 minutes ago -
A lottery exists where balls numbered 1 to 17 are placed in an
urn. To win,...
asked 1 hour ago -
Please explain steps:
An 80 kg swimmer steps off a platform 10 m above the water...
asked 1 hour ago