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Deitz Corporation is projecting a cash balance of $ 37,830 in its December 31, 2016, balance...
Exercise 23-15 Deitz Corporation is projecting a cash balance of $ 33,150 in its December 31,...
Exercise 23-15 Deitz Corporation is projecting a cash balance of $ 33,150 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 $ 204,425 . The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $ 47,515 . Other information gathered for the first quarter of 2017 is sale of equipment $ 3,315; direct labor $ 77,350, manufacturing...
Deitz Corporation is projecting a cash balance of $35,400 in its December 31, 2019, balance sheet. Deitz's schedule of...
Deitz Corporation is projecting a cash balance of $35,400 in its December 31, 2019, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $218,300. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $50,740. Other information gathered for the first quarter of 2020 is sale of equipment $3,540; direct labor $82,600, manufacturing overhead $41,300, selling and administrative expenses $53,100; and purchase...
Concord Corporation is projecting a cash balance of $30,360 in its December 31, 2016, balance sheet....
Concord Corporation is projecting a cash balance of $30,360 in its December 31, 2016, balance sheet. Concord’s schedule of expected collections from customers for the first quarter of 2017 shows total collections of $187,220. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $43,516. Other information gathered for the first quarter of 2017 is sale of equipment $3,036; direct labor $70,840, manufacturing overhead $35,420, selling and administrative expenses $45,540; and purchase...
Deitz Corporation is projecting a cash balance of $37,500 in its December 31, 2019, balance sheet. Deitz’s schedule of expected collections from customers for the first quarter of 2020 shows total collections of $231,250. The schedule of expected payments
Deitz Corporation is projecting a cash balance of $37,500 in its December 31, 2019, balance sheet. Deitz’s schedule of expected collections from customers for the first quarter of 2020 shows total collections of $231,250. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $53,750. Other information gathered for the first quarter of 2020 is sale of equipment $3,750; direct labor $87,500, manufacturing overhead $43,750, selling and administrative expenses $56,250; and purchase of...
Exercise 13-15 Blue Corporation is projecting a cash balance of $38,460 in its December 31, 2016, balance sheet. Blue's...
Exercise 13-15 Blue Corporation is projecting a cash balance of $38,460 in its December 31, 2016, balance sheet. Blue's schedule of expected collections from customers for the first quarter of 2017 shows total collections of $237,170. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $55,126. Other information gathered for the first quarter of 2017 is sale of equipment $3,846; direct labor $89,740, manufacturing overhead $44,870, selling and administrative expenses $57,690;...
Oriole Corporation is projecting a cash balance of $34.800 in its December 31, 2019, balance sheet....
Oriole Corporation is projecting a cash balance of $34.800 in its December 31, 2019, balance sheet. Oriole's schedule of expected collections from customer for the first quarter of 2020 shows total collections of $214,600. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $49,880. Other information gathered for the first quarter of 2020 is sale of equipment $3,480, direct labor $81,200, manufacturing overhead $40,600, selling and administrative expenses $52.200; and purchase...
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
quarter of 2017 is sale of equipment $3,696; direct labor $86,240,
manufacturing overhead $43,120, selling and administrative expenses
$55,440;...
Prepare a cash budget for the first quarter.
Aaron Corporation is projecting a cash balance of $31,076 in its December 31, 2013, balance sheet. Aaron's schedule of expected collections from customers for the first quarter of 2014 shows total collections of $180,326. The schedule of expected payments for direct materials for the first quarter of 2014 shows total payments of $40,898.Other information gathered for the first quarter of 2014 is sale of equipment $3,218, direct labor $69,511, manufacturing overhead $35,470, selling and administrative expenses $44,510 and purchase of...
Balance Sheet December 31, 2016 Assets $7,500 73,500 24,790 105,790 Current Assets Cash Accounts receivable Finished...
Balance Sheet December 31, 2016 Assets $7,500 73,500 24,790 105,790 Current Assets Cash Accounts receivable Finished goods inventory (1,500 units) Total current assets Property, Plant, and Equipment Equipment $40,770 Less: Accumulated depreciation 10,800 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Accounts payable Total liabilities Stockholders' Equity Common stock $36,940 Retained earnings 25,620 29,970 $135,760 $26,810 46,390 73,200 CALCULATOR PRINTER VERSION BACK TO Sockholders cquity Total liabilities and stockholders' equity $135,760 Budgeted data for the year 2017 Include the...
Requirement 1. Prepare Cooke Company's schedule of cash receipts from customers and schedule of cash payments...
Requirement 1. Prepare Cooke Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018 Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018 Cash Receipts from Customers First Quarter 2018 i Data Table Total sales Cash Receipts from Customers: Accounts Receivable balance, December 31, 2017 1st Qtr-Sales Total cash receipts from customers Total sales Budgeted purchases of direct materials Budgeted direct labor cost Budgeted manufacturing...
Exercise 23-15 Deitz Corporation is projecting a cash balance of $ 33,150 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 $ 204,425 . The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $ 47,515 . Other information gathered for the first quarter of 2017 is sale of equipment $ 3,315; direct labor $ 77,350, manufacturing...
Deitz Corporation is projecting a cash balance of $35,400 in its December 31, 2019, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $218,300. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $50,740. Other information gathered for the first quarter of 2020 is sale of equipment $3,540; direct labor $82,600, manufacturing overhead $41,300, selling and administrative expenses $53,100; and purchase...
Exercise 13-15 Blue Corporation is projecting a cash balance of $38,460 in its December 31, 2016, balance sheet. Blue's schedule of expected collections from customers for the first quarter of 2017 shows total collections of $237,170. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $55,126. Other information gathered for the first quarter of 2017 is sale of equipment $3,846; direct labor $89,740, manufacturing overhead $44,870, selling and administrative expenses $57,690;...
Oriole Corporation is projecting a cash balance of $34.800 in its December 31, 2019, balance sheet. Oriole's schedule of expected collections from customer for the first quarter of 2020 shows total collections of $214,600. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $49,880. Other information gathered for the first quarter of 2020 is sale of equipment $3,480, direct labor $81,200, manufacturing overhead $40,600, selling and administrative expenses $52.200; and purchase...
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;...
Balance Sheet December 31, 2016 Assets $7,500 73,500 24,790 105,790 Current Assets Cash Accounts receivable Finished goods inventory (1,500 units) Total current assets Property, Plant, and Equipment Equipment $40,770 Less: Accumulated depreciation 10,800 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Accounts payable Total liabilities Stockholders' Equity Common stock $36,940 Retained earnings 25,620 29,970 $135,760 $26,810 46,390 73,200 CALCULATOR PRINTER VERSION BACK TO Sockholders cquity Total liabilities and stockholders' equity $135,760 Budgeted data for the year 2017 Include the...
Requirement 1. Prepare Cooke Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018 Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018 Cash Receipts from Customers First Quarter 2018 i Data Table Total sales Cash Receipts from Customers: Accounts Receivable balance, December 31, 2017 1st Qtr-Sales Total cash receipts from customers Total sales Budgeted purchases of direct materials Budgeted direct labor cost Budgeted manufacturing...
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