Homework Answers
Calculate new project cash balance :
| Jul | Aug | Sep | |
| Beginning cash balance | 34000 | 10000 | 18000 |
| Cash collection | 53000 | 56000 | 43000 |
| Cash available | 87000 | 66000 | 61000 |
| Less; Cash payment | |||
| Purchase of direct material | 36000 | 9000 | 11000 |
| Operating expense | 40000 | 30000 | 30800 |
| Capital expense | 1000 | 9000 | 7400 |
| Ending cash balance | 10000 | 18000 | 11800 |
So answer is c) $11800
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Cash Budget Beginning cash balance Plus: Cash collections Cash available Less: Cash payments Purchases of direct...
a) Underline the main components which are considered while preparing a budget in a Company. What...
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A. ABC Industries is in the Business of manufacturing agro equipment. Prepare the cash budget for...
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Exercise 216 Holcomb Company expects to have a cash balance of $43,000 on January 1, 2017....
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Prepare a cash flow statement using both the direct and the Indirect methods. Preparing a Statement...
Prepare a cash flow statement using both the direct and the
Indirect methods.
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From owner's capital and down which selection is credit and debit D&G Catering Company Trial Balance...
From owner's capital and down which selection is credit and
debit
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The following additional data were provided: 1. Dividends declared and paid were $35,000. 2. During the...
The following additional data were provided:
1.
Dividends declared and paid
were $35,000.
2.
During the year equipment was
sold for $17,000 cash. This equipment cost $28,000 originally and
had a book value of $17,000 at the time of sale.
3.
All depreciation expense is
in the operating expenses.
4.
All sales and purchases are
on account.
5.
Accounts payable pertain to
merchandise suppliers.
6.
All operating expenses except
for depreciation were paid in cash.
Prepare a statement of cash...
The income statement and additional data of Supplements Plus, Inc. follow: (Click the icon to view...
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Supplements Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 230,000 Cost of Goods Sold 93,000 Gross Profit 137,000 Operating Expenses: Salaries Expense $ 57,000 Depreciation Expense Plant Assets 28,000 Total Operating Expenses 85,000 Net Income Before Income Taxes 52,000 Income Tax Expense 8,000 $ Net Income 44,000 c. a. Acquisition of plant assets is $118,000. Of this amount, $105,000 is paid in cash and $13,000 by signing a note payable. b. Cash receipt from sale...
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Prepare a cash flow statement using both the direct and the
Indirect methods.
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From owner's capital and down which selection is credit and
debit
D&G Catering Company Trial Balance September 30th, 2020 Credit $ Debit 54,000 48,000 317,000 30,000 70,000 19,000 270,000 12,000 48,000 36,000 4,000 5,000 20,000 8,000 24,000 Cash Land Equipment Short Term Investment Inventory Trademark Building Franchise Account Receivable Delivery Van Interest Receivable Office Supplies PREPAID LEGAL EXPENSES PREPAID ADVERTISING EXPENSE UNEARNED CATERING REVENUE ACCOUNTS PAYABLE MORTGAGE PAYABLE SALARY PAYABLE INCOME TAX PAYABLE NOTES PAYABLE Owner's Capital Owner's Drawing CATERING...
The following additional data were provided:
1.
Dividends declared and paid
were $35,000.
2.
During the year equipment was
sold for $17,000 cash. This equipment cost $28,000 originally and
had a book value of $17,000 at the time of sale.
3.
All depreciation expense is
in the operating expenses.
4.
All sales and purchases are
on account.
5.
Accounts payable pertain to
merchandise suppliers.
6.
All operating expenses except
for depreciation were paid in cash.
Prepare a statement of cash...
The income statement and additional data of Supplements Plus, Inc. follow: (Click the icon to view the income statement.) i (Click the icon to view the additional data.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. Use the transaction references in Panel B when selecting the transaction references in Panel Alf a box is not used in the spreadsheet, leave the box emoty: do not select a label...
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