Need help with the attached question. I can not figure out what formulas to use.
Homework Answers
Working Note 1)
Calculation of Sales :-
Particular May. June. July
Sales For the Month 70000. 80200. 100000
20% in same month. 14000. 16040. 20000
58% in next Month. 34858. 40600. 46516
(60100*.58) (70000*.58) (80200*.58)
22 % in second month 10890. 13222. 15400
(49500*.22) (60100*.22) (70000*.22)
Total sale 59748 69862. 81916
Cash Budget
May. June. July
Cash Sales. 59748. 69862. 81916
Other income. 1700. 1700. 1700
Total Income. 61448. 71562. 83616
Purchase. (49500). (70300). (80500)
Rent. (2900). (2900) (2900)
wages & salary. (4808). (5600). (6416)
(60100*.08) (70000*.08)(80200*.08)
Cash dividend. (2800)
Payment of Principal & int. (4100)
Purchase of equipment. (6000)
Taxes. (6400)
Net cash received. 4240. (20538). (12200)
Opening Cash Bal. 5300. 9540. 5300
Borrowing. 16298. 12200
Closing Balance. 9540. 5300. 5300
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Need help with the attached question. I can not figure out what
formulas to use.
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PLEASE HELP I HAVE TO HAVE THIS DONE SOON Cash
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$59,800 in April. Forecast sales for May, June, and July are
$70,300, $79,900, and $100,500, respectively. The firm has a
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cash balance of $5,100. Given the following data, prepare and
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please explain to me how to resolve this
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March April May Sales $ 70,500 50,200 $ 12,550 60,000 $ 15,000 $ Cash sales EA Lag 1 month Lag 2 months EA Other income EA Total cash receipts EA Enter any number in the edit fields and then click Check Answer. Homework: Chapter 4 Homework Save Score: 0.17 of 1 pt 4 of 6 (6 complete) HW Score: 86.21%, 5.17 of 6 pts WP4-10 (similar to) Question Help O...
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Grenoble Enterprises had sales of
$ 50,100 in March and $ 60,500 in April. Forecast sales for
May, June, and July are $ 70,400,$ 79,800, and $99,800
respectively. The firm has a cash balance o f$5,100 on May 1 and
wishes to maintain a minimum cash balance of $5,100. Given the
following data, prepare and interpret a cash budget for the months
of May, June, and July.
(1) The firm makes 16 % of sales for cash, 60 % are...
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budget—Basic Grenoble Enterprises had sales of $50,200 in March and
$59,800 in April. Forecast sales for May, June, and July are
$70,300, $79,900, and $100,500, respectively. The firm has a
cash balance of $5,100 on May 1 and wishes to maintain a minimum
cash balance of $5,100. Given the following data, prepare and
interpret a cash budget for the months of May, June, and July.
(1) The firm makes 16%...
P4-9 (similar to) A Question Help Cash budget-Basic Grenoble Enterprises had sales of $49.700 in March and $60,200 in April. Forecast sales for May, June, and July are $69,700, $79,800, and $99,600, respectively. The firm has a cash balance of $4,800 on May 1 and wishes to maintain a minimum cash balance of $4,800. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 17% of sales for...
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please explain to me how to resolve this
question homework
March April May Sales $ 70,500 50,200 $ 12,550 60,000 $ 15,000 $ Cash sales EA Lag 1 month Lag 2 months EA Other income EA Total cash receipts EA Enter any number in the edit fields and then click Check Answer. Homework: Chapter 4 Homework Save Score: 0.17 of 1 pt 4 of 6 (6 complete) HW Score: 86.21%, 5.17 of 6 pts WP4-10 (similar to) Question Help O...
Grenoble Enterprises had sales of
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May, June, and July are $ 70,400,$ 79,800, and $99,800
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wishes to maintain a minimum cash balance of $5,100. Given the
following data, prepare and interpret a cash budget for the months
of May, June, and July.
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