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Q4. (15 Marks) From the following information, prepare cash budget of a business firm for the...
Prepare the cash budget for the months of april may and june The following actual and...
Prepare the cash budget for the months of april may and june
The following actual and budgeted sales relate to AgriTech Company, a distributor of agricultural products located somewhere in the Midwest. March (actual).... April May. June.. July............................. $50,000 60,000 72,000 90,000 48,000 The company's top executives intend to have 25% of sales as gross margin. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The company's inventory manager informs that...
Prepare Schedule of cash disbursements for merchandise purchases and for selling and administrative expenses for each...
Prepare Schedule of cash disbursements for merchandise purchases
and for selling and administrative expenses for each month of
april, may, june
The following actual and budgeted sales relate to AgriTech Company, a distributor of agricultural products located somewhere in the Midwest. March (actual) April May. June July $50,000 60,000 72,000 90,000 48,000 The company's top executives intend to have 25% of sales as gross margin. Sales are 60% for cash and 40% on credit. Credit sales are collected in the...
Prepare the schedule of cash collections for april may and june The following actual and budgeted...
Prepare the schedule of cash
collections for april may and june
The following actual and budgeted sales relate to AgriTech Company, a distributor of agricultural products located somewhere in the Midwest. March (actual) April May. June July $50,000 60,000 72,000 90,000 48,000 The company's top executives intend to have 25% of sales as gross margin. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The company's inventory manager informs that each...
D. Tomlinson Retail seeks your assistance in developing cash and other budget information for May, June, and July. The...
D. Tomlinson Retail seeks your assistance in developing cash and other budget information for May, June, and July. The store expects to have the following balances at the end of April: Cash Accounts receivable Inventories Accounts payable $ 5,400 489,000 281,400 150, 190 The firm follows these guidelines in preparing its budgets: • Sales. All sales are on credit with terms of 3/10, n/30. Tomlinson bills customers on the last day of each month. The firm books receivables at gross...
Please prepare a Combined Cash Budget and Budgeted Income Statement using the information above - thank...
Please prepare a Combined Cash Budget and Budgeted
Income Statement using the information above - thank you so much!
:) Will thumbs up!
PROBLEM N3 Objective The objective of Problem 3 is to reinforce your understanding of the preparation of budgets ked to prepare some Operating and Financial Budgets. Lynn has become concerned about the cash needs for the business as it grow. You have been asked to prepare budgets related to the production and sales of water bottles for...
all the same question 1. Prepare a sales budget, including a schedule of expected cash collections...
all the same question
1. Prepare a sales budget, including a schedule of expected cash collections 2. Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials 3. Prepare a cash budget 1 S & P Enterprises needs a cash budget for March. The following information is available. January February March 3 Data 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales $ 1,600...
Can you please show me what the sales budget for this information would be in excel....
Can you please show me what the sales budget for this
information would be in excel. Thank you
The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 8,500 $ 24,000 $ 45, 600 $ 121,200 $ 27,300 $ 150,000 $ 22,000 a. The gross margin is 25% of sales. b. Actual and...
17 lustration 1 From the following information, calculate cash flow from operating activ using direct method....
17 lustration 1 From the following information, calculate cash flow from operating activ using direct method. Profilt and Loss Account for the year ended on March 31, 2006 Expenses/Losses Revenues/Gains Amount 3.) Amount RS.) 2,20,000 Cost of Goods Sold Gross Profit 1,20,000 Sales 1,00,000 2,20,000 2,20,000 1,00,000 Salary Insurance Premium Depreciation Income Tax Net Profit 30,000 Gross Profit 8,000 20,000 10,000 32,000 1,00,000 1,00,000 Additional Information: April 01, 2005 (Rs.) March 31, 2006 (Rs.) Debtors Bills Receivables Creditors Stock Salaries...
Mast Corporation seeks your assistance in developing cash and other budget information for May, June, and...
Mast Corporation seeks your assistance in developing cash and other budget information for May, June, and July. At April 30, the company had cash of $11,000, accounts receivable of $855,000, inventories of $122,625, and accounts payable of $29,134. The budget is to be based on the following assumptions. • Each month's sales are billed on the last day of the month. • Customers are allowed a 2 percent discount if payment is made within 10 days after the billing date....
Mast Corporation seeks your assistance in developing cash and other budget information for May, June, and...
Mast Corporation seeks your assistance in developing cash and other budget information for May, June, and July. At April 30, the company had cash of $11,000, accounts receivable of $876,000, inventories of $106,920, and accounts payable of $30,536. The budget is to be based on the following assumptions. Each month’s sales are billed on the last day of the month. Customers are allowed a 2 percent discount if payment is made within 10 days after the billing date. Receivables are...
Prepare the cash budget for the months of april may and june
The following actual and budgeted sales relate to AgriTech Company, a distributor of agricultural products located somewhere in the Midwest. March (actual).... April May. June.. July............................. $50,000 60,000 72,000 90,000 48,000 The company's top executives intend to have 25% of sales as gross margin. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The company's inventory manager informs that...
Prepare Schedule of cash disbursements for merchandise purchases
and for selling and administrative expenses for each month of
april, may, june
The following actual and budgeted sales relate to AgriTech Company, a distributor of agricultural products located somewhere in the Midwest. March (actual) April May. June July $50,000 60,000 72,000 90,000 48,000 The company's top executives intend to have 25% of sales as gross margin. Sales are 60% for cash and 40% on credit. Credit sales are collected in the...
Prepare the schedule of cash
collections for april may and june
The following actual and budgeted sales relate to AgriTech Company, a distributor of agricultural products located somewhere in the Midwest. March (actual) April May. June July $50,000 60,000 72,000 90,000 48,000 The company's top executives intend to have 25% of sales as gross margin. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The company's inventory manager informs that each...
D. Tomlinson Retail seeks your assistance in developing cash and other budget information for May, June, and July. The store expects to have the following balances at the end of April: Cash Accounts receivable Inventories Accounts payable $ 5,400 489,000 281,400 150, 190 The firm follows these guidelines in preparing its budgets: • Sales. All sales are on credit with terms of 3/10, n/30. Tomlinson bills customers on the last day of each month. The firm books receivables at gross...
Please prepare a Combined Cash Budget and Budgeted
Income Statement using the information above - thank you so much!
:) Will thumbs up!
PROBLEM N3 Objective The objective of Problem 3 is to reinforce your understanding of the preparation of budgets ked to prepare some Operating and Financial Budgets. Lynn has become concerned about the cash needs for the business as it grow. You have been asked to prepare budgets related to the production and sales of water bottles for...
all the same question
1. Prepare a sales budget, including a schedule of expected cash collections 2. Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials 3. Prepare a cash budget 1 S & P Enterprises needs a cash budget for March. The following information is available. January February March 3 Data 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales $ 1,600...
Can you please show me what the sales budget for this
information would be in excel. Thank you
The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 8,500 $ 24,000 $ 45, 600 $ 121,200 $ 27,300 $ 150,000 $ 22,000 a. The gross margin is 25% of sales. b. Actual and...
17 lustration 1 From the following information, calculate cash flow from operating activ using direct method. Profilt and Loss Account for the year ended on March 31, 2006 Expenses/Losses Revenues/Gains Amount 3.) Amount RS.) 2,20,000 Cost of Goods Sold Gross Profit 1,20,000 Sales 1,00,000 2,20,000 2,20,000 1,00,000 Salary Insurance Premium Depreciation Income Tax Net Profit 30,000 Gross Profit 8,000 20,000 10,000 32,000 1,00,000 1,00,000 Additional Information: April 01, 2005 (Rs.) March 31, 2006 (Rs.) Debtors Bills Receivables Creditors Stock Salaries...
Mast Corporation seeks your assistance in developing cash and other budget information for May, June, and July. At April 30, the company had cash of $11,000, accounts receivable of $855,000, inventories of $122,625, and accounts payable of $29,134. The budget is to be based on the following assumptions. • Each month's sales are billed on the last day of the month. • Customers are allowed a 2 percent discount if payment is made within 10 days after the billing date....
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