Cash Disbursement Timber Company is in the process of preparing its budget for next year. Cost...
Cash Disbursement
Timber Company is in the process of preparing its budget for next
year. Cost of goods sold has been estimated at 70 percent of sales.
Lumber purchases and payments are to be made during the month
preceding the month of sale. Wages are estimated at 15 percent of
sales and are paid during the month of sale. Other operating costs
amounting to 10 percent of sales are to be paid in the month
following the month of sale. Additionally, a monthly lease payment
of $14,000 is paid for computer services. Sales revenue is forecast
as follows
| Month | Sales Revenue |
|---|---|
| February | $170,000 |
| March | 210,000 |
| April | 220,000 |
| May | 260,000 |
| June | 240,000 |
| July | 280,000 |
Required
Prepare a schedule of cash disbursements for April, May, and
June.
Do not use a negative sign with your answers.
| Timber Company | |||
|---|---|---|---|
| Schedule of Cash Disbursements | |||
| April, May, and June | |||
| April | May | June | |
| Lumbers purchases | |||
| Wages | |||
| Operating expenses | |||
| Lease payment | |||
| Total disbursements | |||
Classify each of the following as structural, organizational, or
activity cost drivers.
(a) Apple Inc. reorganizes production facilities from a layout in
which all similar types of machines are grouped together to a
layout in which a set of machines is designated for the production
of a particular product and that set of machines is grouped
together.
Structural
Organizational
Activity
(b) A cable television company decides to start offering telephone
service.
Structural
Organizational
Activity
(c) IBM Corporation decides to stop making personal computers.
Structural
Organizational
Activity
(d) Canon decides to start making high-volume photocopy equipment
to compete head-to-head with Xerox.
Structural
Organizational
Activity
(e) The number of meals a cafeteria serves.
Structural
Organizational
Activity
(f) The number of miles a taxi is driven.
Structural
Organizational
Activity
(g) A company eliminates the position of supervisor and has each
work group elect a team leader.
Structural
Organizational
Activity
(h) Tesla empowers employees to halt production if a quality
problem is identified.
Structural
Organizational
Activity
(i) The number of tons of grain a ship loads.
Structural
Organizational
Activity
(j) Northbrook Mall decides to build space for 80 additional
stores.
Structural
Organizational
Activity
Homework Answers
Ans- Timber Company
Schedule of Cash Disbursements
April, May and June
| April | May | June | |
| Lumbers Purchases | $182,000 | $168,000 | $196,000 |
| Wages | $33,000 | $39,000 | $36,000 |
| Operating Expenses | $21,000 | $22,000 | $26,000 |
| Lease Payment | $14,000 | $14,000 | $14,000 |
| Total Disbursements | $250,000 | $243,000 | $272,000 |
Working Note:-
| Lumber Purchases | 260,000*70%= $182,000 | 240,000*70%=$168,000 | 280,000*70%=$196,000 |
| Wages | 220,000*15%=$33,000 | 260,000*15%= $39,000 | 240,000*15%= $36,000 |
| Operating Expenses | 210,000*10%= $21,000 | 220,000*10%= $22,000 | 260,000*10%= $26,000 |
| (a) | Organizational |
| (b) | Structural |
| (c) | Structural |
| (d) | Structural |
| (e) | Activity |
| (f) | Activity |
| (g) | Organizational |
| (H) | Organizational |
| (i) | Activity |
| (j) | Structural |
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Cash Disbursement
Timber Company is in the process of preparing its budget for next
year. Cost...
Cash Disbursement Timber Company is in the process of preparing its budget for next year. Cost...
Cash Disbursement Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 70 percent of sales. Lumber purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 15 percent of sales and are paid during the month of sale. Other operating costs amounting to 10 percent of sales are to be paid in the month following the month of sale....
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Deacon Company is a merchadising company that is preparing a budget for the three-month period ended june 30th. The fol...
Deacon Company is a merchadising company that is preparing a budget
for the three-month period ended june 30th. The following
information is available
Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available Deacon Company Balance Sheet March 31 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity...
. Deacon Company is a merchandising company that is preparing a budget for the three-month period...
.
Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available Deacon Company Balance Sheet March 31 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 68,800 34,000 64,600 122,000 $ 289,400 $ 96,500 70,000 122,900 $ 289,400 Budgeted Income Statements April Sales $182,000 Cost of goods...
Will upvote! Deacon Company is a merchandising company that is preparing a budget for the three-month...
Will upvote!
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Cash Disbursement Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 70 percent of sales. Lumber purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 15 percent of sales and are paid during the month of sale. Other operating costs amounting to 10 percent of sales are to be paid in the month following the month of sale....
Support Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 70 percent of sales. Lumber purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 15 percent of sales and are paid during the month of sale. Other operating costs amounting to 10 percent of sales are to be paid in the month following the month of sale. Additionally,...
eBook Print 6 comte de Porto Cash Disbursement Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 70 percent of sales. Lumber purchases and payments are to be made during the month preceding the month of Sale Wages are estimated at 15 percent of sales and are paid during the month of sale Other operating costs amounting to 10 percent of sales are to be paid in the...
look Print 6 No complete and out of 100 g Cash Disbursement Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been este percent of Lumber purchases and payments are to be made during the month preceding the month of sale. W e weestimated at 15 percent of sales and are paid during the month of sale other operating costs amounting to 10 percentuales are to be paid in the month...
Deacon Company is a merchadising company that is preparing a budget
for the three-month period ended june 30th. The following
information is available
Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available Deacon Company Balance Sheet March 31 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity...
.
Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available Deacon Company Balance Sheet March 31 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 68,800 34,000 64,600 122,000 $ 289,400 $ 96,500 70,000 122,900 $ 289,400 Budgeted Income Statements April Sales $182,000 Cost of goods...
Will upvote!
Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available Deacon Company Balance Sheet March 31 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity 73,600 39,600 66,700 192,000 $ 371,900 $ 167,300 70,000 134,600 $ 371,900 Budgeted Income Statements April Sales $189,000 Cost of goods...
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