Homework Answers
Solution:
| GADO Company | ||
| Cash Budget | ||
| For the month ended March 31 | ||
| Beginning Cash Balance | $76,000 | |
| Add: Cash Receipts from sales | $3,01,000 | |
| Total cash Available | $3,77,000 | |
| Cash Payment for: | ||
| Cash Payment for Direct materials | $1,32,000 | |
| Cash Payment for Direct Labor | $80,000 | |
| Other Budgeted Cash expenses | $44,000 | |
| Cash payment for Bank loan | $19,000 | |
| Total Cash Payments | $2,75,000 | |
| Ending Cash Balance | $1,02,000 | |
Add Answer to:
Saved Use the following information: a. Beginning cash balance on March 1, $76,000. b. Cash receipts...
Saved Use the following information: a. Beginning cash balance on March 1, $76,000. b. Cash receipts...
Saved Use the following information: a. Beginning cash balance on March 1, $76,000. b. Cash receipts from sales, $301.000. c. Budgeted cash payments for direct materials, $132,000. d. Budgeted cash payments for direct labor, $80,000. e. Other budgeted cash expenses. $44,000. f. Cash repayment of bank loan, $19,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance...
Use the following information: a. Beginning cash balance on March 1 $81,000. b. Cash receipts from...
Use the following information: a. Beginning cash balance on March 1 $81,000. b. Cash receipts from sales, $301.000 c. Budgeted cash payments for direct materials $133,000 d. Budgeted cash payments for direct labor $73.000. e. Other budgeted cash expenses. $45,000, 1. Cash repayment of bank loan, $19.000 Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected...
Use the following information: a. Beginning cash balance on March 1, $82,000 b. Cash receipts from...
Use the following information: a. Beginning cash balance on March 1, $82,000 b. Cash receipts from sales, $309,000 c. Budgeted cash payments for direct materials, $130,000. d. Budgeted cash payments for direct labor, $80,000. e. Other budgeted cash expenses, $36,000. f. Cash repayment of bank loan, $14,000 Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance expected...
Use the following information: Beginning cash balance on March 1, $80,000. Cash receipts from sales, $305,000....
Use the following information:
Beginning cash balance on March 1, $80,000.
Cash receipts from sales, $305,000.
Budgeted cash payments for direct materials, $133,000.
Budgeted cash payments for direct labor, $79,000.
Other budgeted cash expenses, $37,000.
Cash repayment of bank loan, $13,000.
Prepare a cash budget for the month ended on March 31 for Gado
Company. The budget should show expected cash receipts and cash
payments for the month of March and the balance expected on March
31.
GADO COMPANY Cash...
Use the following information: a. Beginning cash balance on March 1. $75,000. b. Cash receipts from...
Use the following information: a. Beginning cash balance on March 1. $75,000. b. Cash receipts from sales. $306.000. c. Budgeted cash payments for direct materials, $137.000. d. Budgeted cash payments for direct labor. $73,000. e. Other budgeted cash expenses. $36.000. f. Cash repayment of bank loan. $12,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance expected...
22-3 Use the following information: a. Beginning cash balance on March 1. $72.000. b. Cash receipts...
22-3
Use the following information: a. Beginning cash balance on March 1. $72.000. b. Cash receipts from sales. $300.000. c. Budgeted cash payments for direct materials, $140,000. d. Budgeted cash payments for direct labor, $80.000. e. Other budgeted cash expenses, $45,000. f. Cash repayment of bank loan. $20,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance...
Use the following information: Beginning cash balance on March 1, $82,000. Cash receipts from sales, $306,000....
Use the following information: Beginning cash balance on March 1, $82,000. Cash receipts from sales, $306,000. Budgeted cash payments for direct materials,$135,000. Budgeted cash payments for direct labor $72,000. Other budgeted cash expenses, $38,000. Cash repayment of bank loan, $13,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31. Gado Company Cash Budget...
Use the following information: Beginning cash balance on March 1, $72,000. Cash receipts from sales, $304,000....
Use the following information: Beginning cash balance on March 1, $72,000. Cash receipts from sales, $304,000. Budgeted cash payments for direct materials,$140,000. Budgeted cash payments for direct labor $79,000. Other budgeted cash expenses, $37,000. Cash repayment of bank loan, $14,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31. GADO COMPANY Cash Budget...
Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31.
Use the following information:a. Beginning cash balance on March 1, $80,000.b. Cash receipts from sales, $303,000.c. Budgeted cash payments for direct materials, $135,000.d. Budgeted cash payments for direct labor $75,000.e. Other budgeted cash expenses, $36,000.f. Cash repayment of bank loan, $16,000.Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31.
Help Save Kavak Co budgeted the following cash receipts (excluding cash receipts from loans received) and...
Help Save Kavak Co budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year January February March Receipts $525,000 44,000 454,000 payments $467,400 346,400 530,000 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $40,000 at each month-end. In return, the bank has agreed that the company can borrow up...
Saved Use the following information: a. Beginning cash balance on March 1, $76,000. b. Cash receipts from sales, $301.000. c. Budgeted cash payments for direct materials, $132,000. d. Budgeted cash payments for direct labor, $80,000. e. Other budgeted cash expenses. $44,000. f. Cash repayment of bank loan, $19,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance...
Use the following information: a. Beginning cash balance on March 1 $81,000. b. Cash receipts from sales, $301.000 c. Budgeted cash payments for direct materials $133,000 d. Budgeted cash payments for direct labor $73.000. e. Other budgeted cash expenses. $45,000, 1. Cash repayment of bank loan, $19.000 Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected...
Use the following information: a. Beginning cash balance on March 1, $82,000 b. Cash receipts from sales, $309,000 c. Budgeted cash payments for direct materials, $130,000. d. Budgeted cash payments for direct labor, $80,000. e. Other budgeted cash expenses, $36,000. f. Cash repayment of bank loan, $14,000 Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance expected...
Use the following information:
Beginning cash balance on March 1, $80,000.
Cash receipts from sales, $305,000.
Budgeted cash payments for direct materials, $133,000.
Budgeted cash payments for direct labor, $79,000.
Other budgeted cash expenses, $37,000.
Cash repayment of bank loan, $13,000.
Prepare a cash budget for the month ended on March 31 for Gado
Company. The budget should show expected cash receipts and cash
payments for the month of March and the balance expected on March
31.
GADO COMPANY Cash...
Use the following information: a. Beginning cash balance on March 1. $75,000. b. Cash receipts from sales. $306.000. c. Budgeted cash payments for direct materials, $137.000. d. Budgeted cash payments for direct labor. $73,000. e. Other budgeted cash expenses. $36.000. f. Cash repayment of bank loan. $12,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance expected...
22-3
Use the following information: a. Beginning cash balance on March 1. $72.000. b. Cash receipts from sales. $300.000. c. Budgeted cash payments for direct materials, $140,000. d. Budgeted cash payments for direct labor, $80.000. e. Other budgeted cash expenses, $45,000. f. Cash repayment of bank loan. $20,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance...
Help Save Kavak Co budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year January February March Receipts $525,000 44,000 454,000 payments $467,400 346,400 530,000 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $40,000 at each month-end. In return, the bank has agreed that the company can borrow up...
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