Diamond Corp’s purchases for next month's sales are constant each month at $1,000. Other payments for...
Diamond Corp’s purchases for next month's sales are constant each month at $1,000. Other payments for wages, rent, and taxes are constant at $800 per month. Calculate Diamond’s total cash disbursements for a month.
Homework Answers
Total cash disbursements for a month = Purchases for every month + Payments for the wages, rent, and taxes = $1,000 + $800 = $1,800
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Diamond Corp’s purchases for next month's sales are constant
each month at $1,000. Other payments for...
The Cookie Shop's purchases are equal to 65 percent of the following month's sales. The accounts...
The Cookie Shop's purchases are equal to 65 percent of the following month's sales. The accounts payable period for purchases is 30 days while all other expenditures are paid in the month they are incurred. Assume each month has 30 days. The company has compiled the following information. Sales Other expenses Interest and taxes April $7,300 1,775 400 May $7,600 1,825 June $8,000 2,075 430 410 What are the company's total cash disbursements for May? Multiple Choice O O O...
Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr May Jun Jul Sales...
Schedule of Projected Cash Disbursements for Maris
Brothers, Inc.
Feb
Mar
Apr
May
Jun
Jul
Sales
$
$
$
Disbursements
Purchases
$
$
$
Cash
$
1 month delay
$
2 month delay
$
Rent
$
Wages and salary
Fixed
$
Variable
$
Taxes
$
Fixed assets
$
Interest
$
Cash dividends
$
Total
Disbursements
$
Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here...
CASH FLOW FORECAST Happy Manufacturing had sales of $65,000 in March and $75,000 in April. Forecast...
CASH FLOW FORECAST Happy Manufacturing had sales of $65,000 in March and $75,000 in April. Forecast sales for May, June and July are $85,000, $95,000, and $120,000, respectively Given the following data, calculate monthly net cash flow for the months of May, June, and July (1) The firm makes 20% of sales for cash; 30 % are collected in the next month, and the remaining 50% are collected in the second month following the sale. The firm receives other income...
cash budget
Nogueiras Corp’s budgeted monthly sales are $5,000, and they are constant from month to month. 40% of its customers pay in the first month and take the 2% discount,while the remaining 60% pay in the month following the sale and do not receive a discount. The firm has no bad debts. Purchases for next month’s sales are constant at50% of projected sales for the next month. “Other payments,” which include wages, rent, and taxes, are 25% of sales for the...
Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April,...
Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here i and the following information in its preparation. Sales: February $505,000; March $522,000; April $575,000; May $597,000; June $653,000; July $643,000 Purchases: Purchases are calculated as 65% of the next month's sales, 10% of purchases are made in cash, 47% of purchases are paid for 1 month after purchase, and the remaining 43% of purchases are...
Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April,...
Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here and the following information in its preparation. Sales: February $481,000; March $510,000; April $562,000; May $594,000; June $626,000; July $658,000 Purchases: Purchases are calculated as 56% of the next month's sales, 10% of purchases are made in cash, 51% of purchases are paid for 1 month after purchase, and the remaining 39% of purchases are paid...
Steady Eddie Corp. is constructing its cash budget. Its budgeted monthly sales are $7,000, and they...
Steady Eddie Corp. is constructing its cash budget. Its budgeted monthly sales are $7,000, and they are constant from month to month. 40% of its customers pay in the first month and take the 2% discount, while the remaining 60% pay in the month following the sale and do not receive a discount. The firm has no bad debts. Purchases for next month's sales are constant at 50% of projected sales for the next month. "Other payments," which include wages,...
S9-12 (similar to) Stampede Corporation is preparing its cash payments budget for next month. The following...
S9-12 (similar to) Stampede Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: (Click the icon to view the data.) How much cash will be paid out next month? i More Info Stampede Corporation Cash Payments Budget Cash payments for direct materials: 50% of last month's purchases 50% of next month's purchases Cash payments for direct labor Cash payments for manufacturing overhead Cash payments for operating expenses Cash payment for taxes...
Question 2 [25 marks] Diamond (Pty) Ltd has a sales budget for March of R440,000. About...
Question 2 [25 marks] Diamond (Pty) Ltd has a sales budget for March of R440,000. About 10% are cash sales and the remainder is sold on account. The company expects that 60% of credit sales will be collected in the month of the sale, 25% in the next month and 10% in the following month. Materials purchased on account are expected to be R250,000. Allan pays 35% in the month of the purchase, 50% in the month following the purchase...
Please Help solve Year Month Sales Purchases 2019 September $209,000 $122,000 2019 ...
Please Help solve
Year Month Sales
Purchases
2019 September $209,000
$122,000
2019 October 248,000
152,000
2019 November 173,000
136,000
2019 December 165,000
104,000
2020 January 138,000
80,000
2020 February 176,000
114,000
2020 March 199,000
95,000
2020 April 252,000 88,000
Cash budget-Advanced The actual sales and purchases for Xenocore, Inc., for September and October 2019, along with its forecast sales and purchases for the period November 2019 through April 2020,...
The Cookie Shop's purchases are equal to 65 percent of the following month's sales. The accounts payable period for purchases is 30 days while all other expenditures are paid in the month they are incurred. Assume each month has 30 days. The company has compiled the following information. Sales Other expenses Interest and taxes April $7,300 1,775 400 May $7,600 1,825 June $8,000 2,075 430 410 What are the company's total cash disbursements for May? Multiple Choice O O O...
Schedule of Projected Cash Disbursements for Maris
Brothers, Inc.
Feb
Mar
Apr
May
Jun
Jul
Sales
$
$
$
Disbursements
Purchases
$
$
$
Cash
$
1 month delay
$
2 month delay
$
Rent
$
Wages and salary
Fixed
$
Variable
$
Taxes
$
Fixed assets
$
Interest
$
Cash dividends
$
Total
Disbursements
$
Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here...
CASH FLOW FORECAST Happy Manufacturing had sales of $65,000 in March and $75,000 in April. Forecast sales for May, June and July are $85,000, $95,000, and $120,000, respectively Given the following data, calculate monthly net cash flow for the months of May, June, and July (1) The firm makes 20% of sales for cash; 30 % are collected in the next month, and the remaining 50% are collected in the second month following the sale. The firm receives other income...
Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here i and the following information in its preparation. Sales: February $505,000; March $522,000; April $575,000; May $597,000; June $653,000; July $643,000 Purchases: Purchases are calculated as 65% of the next month's sales, 10% of purchases are made in cash, 47% of purchases are paid for 1 month after purchase, and the remaining 43% of purchases are...
Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here and the following information in its preparation. Sales: February $481,000; March $510,000; April $562,000; May $594,000; June $626,000; July $658,000 Purchases: Purchases are calculated as 56% of the next month's sales, 10% of purchases are made in cash, 51% of purchases are paid for 1 month after purchase, and the remaining 39% of purchases are paid...
S9-12 (similar to) Stampede Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: (Click the icon to view the data.) How much cash will be paid out next month? i More Info Stampede Corporation Cash Payments Budget Cash payments for direct materials: 50% of last month's purchases 50% of next month's purchases Cash payments for direct labor Cash payments for manufacturing overhead Cash payments for operating expenses Cash payment for taxes...
Question 2 [25 marks] Diamond (Pty) Ltd has a sales budget for March of R440,000. About 10% are cash sales and the remainder is sold on account. The company expects that 60% of credit sales will be collected in the month of the sale, 25% in the next month and 10% in the following month. Materials purchased on account are expected to be R250,000. Allan pays 35% in the month of the purchase, 50% in the month following the purchase...
Please Help solve
Year Month Sales
Purchases
2019 September $209,000
$122,000
2019 October 248,000
152,000
2019 November 173,000
136,000
2019 December 165,000
104,000
2020 January 138,000
80,000
2020 February 176,000
114,000
2020 March 199,000
95,000
2020 April 252,000 88,000
Cash budget-Advanced The actual sales and purchases for Xenocore, Inc., for September and October 2019, along with its forecast sales and purchases for the period November 2019 through April 2020,...
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