Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following information relates to expected cash receipts and cash payments for the month ended September 30.
PTO Manufacturing co cash budget for the moth sept 30 | |||||
Particulars | Amount | Amount | |||
beginning cash balance sept 1 | $ 44,000.00 | ||||
add: Cash receipts | $ 2,62,000.00 | ||||
Total Receipts | $ 3,06,000.00 | ||||
less: raw material | $ 90,200.00 | ||||
Direct labour | $ 39,000.00 | ||||
other expenses | $ 56,000.00 | ||||
Tax paid | $ 10,600.00 | ||||
Bank interest | $ 1,900.00 | ||||
Total cash disbursement | $ 1,97,700.00 | ||||
Ending cash balance sept 30 | $ 1,08,300.00 | ||||
Working | |||||
raw material | |||||
August = 72000*35% = 25200 | |||||
September = 100000*65% = 65000 | |||||
Total cash paid = 25200+65000 = 90200 |
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Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following...
Use the following information to prepare the September cash
budget for PTO Manufacturing Co. The following information relates
to expected cash receipts and cash payments for the month ended
September 30.
Beginning cash balance, September 1, $40,000.
Budgeted cash receipts from sales in September, $255,000.
Raw materials are purchased on account. Purchase amounts are:
August (actual), $80,000; and September (budgeted), $110,000.
Payments for direct materials are made as follows: 65% in the month
of purchase and 35% in the month...
Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cash receipts and cash payments for the month ended September 30. Beginning cash balance, September 1, $42,000. Budgeted cash receipts from sales in September, $263,000. Raw materials are purchased on account. Purchase amounts are August (actual), $70,000, and September (budgeted), $103,000. Payments for direct materials are made as follows: 65% in the month of purchase and 35% in the month following...
Use the following information to prepare the September cash
budget for PTO Co. The following information relates to expected
cash receipts and cash payments for the month ended September
30.
Beginning cash balance, September 1, $47,000.
Budgeted cash receipts from sales in September, $258,000.
Raw materials are purchased on account. Purchase amounts are
August (actual), $76,000, and September (budgeted), $108,000.
Payments for direct materials are made as follows: 65% in the month
of purchase and 35% in the month following...
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