Homework Answers
Answer-
| ABC COMPANY | |
| CASH BUDGET | |
| FOR THE MONTH OF AUGUST | |
| Particulars | AUGUST |
| $ | |
| Beginning cash balance (A) | 34000 |
| Add- Budgeted cash receipts | |
| Collection from clients | 199032 |
| Sale of equipment | |
| Total cash available for use (B) | 233032 |
| Less- Cash Payments | |
| Payment for inventory purchases | 26000 |
| Operating expenses | 40000 |
| Other manufacturing expenses | 61000 |
| Bonds retirements | 59000 |
| Dividends paid | 24000 |
| Total cash payments (C) | 210000 |
| Cash surplus/ (Deficit) (D=A+B-C) | 23032 |
| Financing:- | |
| Add-Borrowings | 0 |
| Less-Repayments | 0 |
| Budgeted ending cash balance | 23032 |
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ABC Company has a cash balance of $34,000 on August 1 and requires a minimum ending...
ABC Company has a cash balance of $37,000 on August 1 and requires a minimum ending cash balance of $24,160. Cash receip...
ABC Company has a cash balance of $37,000 on August 1 and
requires a minimum ending cash balance of $24,160. Cash receipts
from sales budgeted for August are $200,160. Cash disbursements
budgeted for August include inventory purchases, $29,000; other
manufacturing expenses, $55,000; operating expenses, $40,000; bond
retirements, $62,000; and dividend payments, $27,000.
Required:
Prepare a cash budget for ABC Company for August.
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follow.
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cash collections.
2: prepare a merchandise purchase budget, including a schedule
of expected cash disbursements for merchandise, and a selling and
administrative budget.
3: prepare a cash budget.
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Please help. All one question. Thanks. Fortner Manufacturing has a cash balance of $8,000 on August...
Please help. All one question. Thanks.
Fortner Manufacturing has a cash balance of $8,000 on August 1 of the current year. The company's controller forecast the following cash receipts and cash disbursements for the upcoming two months of activity: Cash Receipts $47,000 70,000 Cash Payments $60,000 58,000 August September Management desires to maintain a minimum cash balance of $8,000 at all times. If necessary, additional financing can be obtained in $1,000 multiples at a 12% interest rate. All borrowings are...
ABC Company has a cash balance of $37,000 on August 1 and
requires a minimum ending cash balance of $24,160. Cash receipts
from sales budgeted for August are $200,160. Cash disbursements
budgeted for August include inventory purchases, $29,000; other
manufacturing expenses, $55,000; operating expenses, $40,000; bond
retirements, $62,000; and dividend payments, $27,000.
Required:
Prepare a cash budget for ABC Company for August.
August Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: Total cash disbursements Ending cash balance
Karim Corp. requires a minimum $10,000 cash balance. Loans taken
to meet this requirement cost 1% interest per month (paid monthly).
Any excess cash is used to repay loans at month-end. The cash
balance on July 1 is $10,400, and the company has no outstanding
loans. Forecasted cash receipts (other than for loans received) and
forecasted cash payments (other than for loan or interest payments)
follow.
July
August
September
Cash receipts
$
26,000
$
34,000
$
42,000
Cash payments
31,000...
1: Prepare a sales budget, including a schedule of expected
cash collections.
2: prepare a merchandise purchase budget, including a schedule
of expected cash disbursements for merchandise, and a selling and
administrative budget.
3: prepare a cash budget.
MOST LIKELY NUMBERS AND ASSUMPTIONS SALES MANAGER PRIVATE INFORMATION October Most likely sales 600,000 910,000 475,000 385,000 PURCHASING MANAGER PRIVATE INFORMATION Most likely cost of merchandise as a % of sales Desired ending inventory as a percentage of next month's cost of...
Please help. All one question. Thanks.
Fortner Manufacturing has a cash balance of $8,000 on August 1 of the current year. The company's controller forecast the following cash receipts and cash disbursements for the upcoming two months of activity: Cash Receipts $47,000 70,000 Cash Payments $60,000 58,000 August September Management desires to maintain a minimum cash balance of $8,000 at all times. If necessary, additional financing can be obtained in $1,000 multiples at a 12% interest rate. All borrowings are...
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