Homework Answers
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| January | ||||
| Beginning Cash Balance | $ 6,000 | |||
| Cash Receipts | $ 10,540 | |||
| Total cash available | $ 16,540 | |||
| Cash Payments: | ||||
| Purchase of direct Material | $ - | |||
| Direct Labor | $ 3,300 | |||
| Manufacturing overheads | $ 1,440 | |||
| Interest expense | ||||
| Total cash Payments | $ 4,740 | |||
| Ending cash balance before financing | $ 11,800 | |||
| Minimum cash balance desired | $ 6,000 | |||
| Excess/(Deficiency) | $ 5,800 | No financing needed | ||
| Financing: | ||||
| Borrowing | ||||
| Principal repayments | ||||
| Total Financing effect | ||||
| Ending cash balance | ||||
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tion Help Reference s 12,400 10,200 S 15,800 38,400 January February MarchTotal Total sales ounts ente...
COMPLETE FOR JANUARY, FEBRUARY, MARCH, AND THEN TOTAL COLUMN. 4 COLUMN TOTAL. Reference - X Reference...
COMPLETE FOR JANUARY, FEBRUARY, MARCH, AND THEN TOTAL COLUMN. 4
COLUMN TOTAL.
Reference - X Reference Cash Receipts from Customers January February March Total Total sales January February March $ 12,400 $ 16,100 S 11,100 S January February March Total 39,800 Total Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March $ 3,100 $ 3,900 3,900 $ $ 9,920 Total payments for direct materials 3,100 7,000 1.240 Cash...
i Reference Marlin Company has prepared the following schedules and additional information: (Click the icon to...
i Reference Marlin Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedule.) i (Click the icon to view the additional information.) January February March Total Complete a cash budget for M More Info Cash payments: Purchases of direct materi Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Direct labor...
Maynard Company has the following projected costs for manufacturing and selling and administrative expenses: epay any...
Maynard Company has the following projected costs for manufacturing and selling and administrative expenses: epay any amounts owed. Interest owed from the previous month's principal balance is paid on the first of the month at 14% E: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Maynard for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If a box is_ - X...
Complete a cash budget for Graham Company for January, February, and March. (Complete all answer boxes....
Complete a cash budget for Graham Company for
January, February, and March. (Complete
all answer boxes. Enter a "0" for any zero balances. Round all
amounts entered into the cash budget to the nearest whole dollar.
Enter a cash deficiency with a minus sign or parentheses.)
CAN SOMEONE HELP ME PLS?? I NEED THE ANSWER FOR THREE MONTHS
January, February, and March.
i Reference Cash Receipts from Customers Total sales January February March $ 15,800 $ 12,200 $ 10,500||$ January...
Berry expects total sales of $359,000 in January and $405,000 in February. Assume that Berry's sales...
Berry expects total sales of $359,000 in January and $405,000 in February. Assume that Berry's sales are collected as follows: (Click the icon to view the collections.) November sales totaled $350,000, and December sales were $325,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty, do not enter a zero.) Cash Receipts from Customers January February Total sales...
Yandell expects total sales of $360,000 in January and $410,000 in February. Assume that Yandell's sales...
Yandell expects total sales of $360,000 in January and $410,000 in February. Assume that Yandell's sales are collected as follows: (Click the icon to view the collections.) November sales totaled S290,000, and December sales were $340,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty: do not enter a zero.) Cash Receipts from Customers January February a More...
Victors expects total sales of $699,000 for January and $348,000 for February. November sales totaled $388,000...
Victors expects total sales of $699,000 for January and $348,000 for February. November sales totaled $388,000 and December sales were $402,000. Now assume that Victors's sales are collected as follows: 60% in the month of the sale The following schedule of cash receipts for January and February was prepared based upon the collection history given: A (Click the icon to view the collection history.) 20% in the month after the sale 16% two months after the sale E (Click the...
Rockers expects total sales of $700,500 for January and $354,000 for February. Assume that Rockers's sales...
Rockers expects total sales of $700,500 for January and $354,000 for February. Assume that Rockers's sales are collected as follows: i (Click the icon to view the collection history.) November sales totaled $391,000, and December sales were $399,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty; do not enter a zero.) Cash Receipts from Customers January February...
Yeaman expects total sales of $333,000 in January and $407,000 in February. Yeaman has the following...
Yeaman expects total sales of $333,000 in January and $407,000 in February. Yeaman has the following schedule of cash receipts: Now assume that Yeaman's sales are collected as follows: (Click on the icon to view new cash receipts assumptions.) November sales totaled $260,000, and December sales (Click on the icon to view the schedule of cash receipts.) were $330,000. Prepare a revised schedule of cash receipts for January and February. Round answers to the nearest dollar Data Table (If a...
Elwood Company projects the following sales for the first three months of the year: $12,400 in...
Elwood Company projects the following sales for the first three months of the year: $12,400 in January; $10,200 in February; and $10,500 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements. Requirement 1. Prepare a...
COMPLETE FOR JANUARY, FEBRUARY, MARCH, AND THEN TOTAL COLUMN. 4
COLUMN TOTAL.
Reference - X Reference Cash Receipts from Customers January February March Total Total sales January February March $ 12,400 $ 16,100 S 11,100 S January February March Total 39,800 Total Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March $ 3,100 $ 3,900 3,900 $ $ 9,920 Total payments for direct materials 3,100 7,000 1.240 Cash...
i Reference Marlin Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedule.) i (Click the icon to view the additional information.) January February March Total Complete a cash budget for M More Info Cash payments: Purchases of direct materi Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Direct labor...
Maynard Company has the following projected costs for manufacturing and selling and administrative expenses: epay any amounts owed. Interest owed from the previous month's principal balance is paid on the first of the month at 14% E: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Maynard for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If a box is_ - X...
Complete a cash budget for Graham Company for
January, February, and March. (Complete
all answer boxes. Enter a "0" for any zero balances. Round all
amounts entered into the cash budget to the nearest whole dollar.
Enter a cash deficiency with a minus sign or parentheses.)
CAN SOMEONE HELP ME PLS?? I NEED THE ANSWER FOR THREE MONTHS
January, February, and March.
i Reference Cash Receipts from Customers Total sales January February March $ 15,800 $ 12,200 $ 10,500||$ January...
Berry expects total sales of $359,000 in January and $405,000 in February. Assume that Berry's sales are collected as follows: (Click the icon to view the collections.) November sales totaled $350,000, and December sales were $325,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty, do not enter a zero.) Cash Receipts from Customers January February Total sales...
Yandell expects total sales of $360,000 in January and $410,000 in February. Assume that Yandell's sales are collected as follows: (Click the icon to view the collections.) November sales totaled S290,000, and December sales were $340,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty: do not enter a zero.) Cash Receipts from Customers January February a More...
Victors expects total sales of $699,000 for January and $348,000 for February. November sales totaled $388,000 and December sales were $402,000. Now assume that Victors's sales are collected as follows: 60% in the month of the sale The following schedule of cash receipts for January and February was prepared based upon the collection history given: A (Click the icon to view the collection history.) 20% in the month after the sale 16% two months after the sale E (Click the...
Rockers expects total sales of $700,500 for January and $354,000 for February. Assume that Rockers's sales are collected as follows: i (Click the icon to view the collection history.) November sales totaled $391,000, and December sales were $399,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty; do not enter a zero.) Cash Receipts from Customers January February...
Yeaman expects total sales of $333,000 in January and $407,000 in February. Yeaman has the following schedule of cash receipts: Now assume that Yeaman's sales are collected as follows: (Click on the icon to view new cash receipts assumptions.) November sales totaled $260,000, and December sales (Click on the icon to view the schedule of cash receipts.) were $330,000. Prepare a revised schedule of cash receipts for January and February. Round answers to the nearest dollar Data Table (If a...
Elwood Company projects the following sales for the first three months of the year: $12,400 in January; $10,200 in February; and $10,500 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements. Requirement 1. Prepare a...
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