Q: Firm sales for July are projected as $100,000. The sales in May and June were $60,000 and $75,000…
A: The cash collection schedule is prepared to record the cash collected by firms during the period.
Q: Air corporation has the following projected sales: P958,450.00 (October) P1,001,515.00 (November)…
A: Cash budget is one of the important budget being prepared in the business. It shows expected cash…
Q: Company has estimated sales (in millions) for the next four quarters as follows: Q1 Q2 Q3 Q4…
A: Company estimated sales for next four quarters as follows : Sales of Q1 = 150 million Q2 = 180…
Q: Stan Corporation budgeted sales and gross profit rate for the coming month are P288M and 37.5 %,…
A: SOLUTION- FORMULA 1-INVENTORY TURNOVER RATIO = COST OF GOOD SOLD / AVERAGE INVENTORY . 2- COST…
Q: Frank's Sporting Goods projects sales for the second quarter of 200X to be as follows:…
A: Schedule of cash receipts is made to ascertain the amount received in the particular months.
Q: 4. Sovereign-Tea Company projected to make even monthly cash payments of P150,000 during the year.…
A: Total relevant cost = Holding cost +Transaction cost Formula for Holding cost= k(C/2) and formula…
Q: Tilson Corporation has projected sales and production in units for the second quarter of the coming…
A: Workings:
Q: Final Four Hospitality LLC operates a chain of sports-bar restaurants and expects its cost of goods…
A: Days inventory outstanding=365Inventory turnover ratio
Q: PT AWOL has sales projections (in million rupiahs) for the following four quarters: Q1 Q2 Q3 Q4…
A: A cash budget is prepared to present all the expected receipts, payments, and the cash balance at…
Q: Down Under Company's budgeted sales and budgeted cost of sales for the coming year are P126 million…
A: Cost of sales = P72,000,000 Short-term interest rate = 10% Current inventory turnover = 9 times…
Q: Sales for Smith Company are expected to be $270,000 for February and $320,000 in March. The…
A: Miscellaneous expense for March = sales x 10% = $320000 x 10% = $32,000
Q: Camp Manufacturing turns over its inventory eight times each year, has an average payment period of…
A: Given, Average collection period = 35 days Annual sales = $ 3.5 million Day's in…
Q: A firm has projected sales in May, June, and July of P10,000, P20,000, and P30,000, respectively.…
A: Usually, the Firm needs to assess the cash position to assess the cash requirement from time to…
Q: Tilson Corporation has projected sales and production in units for the second quarter of the coming…
A: Following are the requisite budgets
Q: The Kingsman Company historically has had 25 percent cash sales with the remainder paid within one…
A:
Q: Miggy Co. projects the following monthly revenues for next year: 100,000 500,000 452,000 450,000…
A: Formula: Cash collection amount : Credit sales x cash collection %
Q: Sales in December (2019) were 4000 units @ sar10 per unit. Monthly sales for the first four months…
A: A budget is a legal statement showing estimated income and expenses based on future plans and…
Q: Golden Sun Company had sales of Tk.95,000 in December. It expects sales of Tk.70,000 in January.…
A: A cash budget is the estimation of cash inflow and cash outflow during a particular period. A cash…
Q: Fine Co. has the following sales forecasts for the third quarter of 2021: P85,000 (July), P88,000…
A: Cash budget is one of the budget of the business, which shows beginning and ending cash balance,…
Q: The Danser Corporation expects to generate sales equal to $30,000 in January, $33,000 in February,…
A: Total cash collection for March is 20% of March sales, 50% of February Sales and 30% of January…
Q: Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter…
A: Cash budget refers to an estimation of cash inflows and outflows in a business over a specified…
Q: Enticement Co currently expects sales of $50,000 a month. Variable costs of sales are $40,000 a…
A: In the purview of the question, we are required to compute the increase in accounts receivable,…
Q: Sales in the year following this one are projected to be 15 percent greater in each quarter. a.…
A: As the accounts are paid immediately amount of purchases will be the amount for payment of account.…
Q: If ABC plans to pay 30% of the month’s purchases during the month of purchase, 50% in the next…
A: Cash flows are the cash generated from the operation of the business organisation. In other words,…
Q: Miggy Co. projects the following monthly revenues for next year: 100,000 500,000 452,000 450,000…
A: Formula: Cash collection amount = Credit sales x Cash collection %
Q: A company currently sell goods of Tk. 6,00,000 with a terms of net 30 days. Its average collection…
A: Accounts receivable is the amount of goods sold on credit which is not yet paid. Accounts receivable…
Q: CELEBI CORP. has the following sales forecast for the first four months of 20X9. January February…
A: You have posted multiple parts, so as per Bartleby policy only the first three parts are answered,…
Q: Projected annual sales of a LED keychain are projected to be 25,00025,00025,000 USD the first year…
A: Annual operating cash flows Ref Particulars Year 0 Year 1 Year 2 Year 3…
Q: Ace Corp. has sales for the second quarter of $2M, $3M, and $5m per month. All sales are on credit…
A: Cash budget is the budget prepared to estimate the cash flows in and out of the organisation during…
Q: 4. The operating cycle of Amjad Co. is 120 days and its average collection period (ACP) is 30 days.…
A: Step 1 Cash Collection from Debtors = Total Outstanding of Debtors × Collection Period /Operating…
Q: JA Inc. has average inventory of $1,000,000. Its estimated annual sales are $10 million and the firm…
A: Calculation of Inventory Conversion Period: =365 days * Inventory/Sales =365 * $1,000,000 /…
Q: Gilmore Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales…
A: Accounts receivable represents the income that has been earned but not yet received.
Q: Down Under Company's budgeted sales and budgeted cost of sales for the coming year are P126 million…
A: 1) Calculate the average inventory: a) Inventory turnover =Cost of Goods SoldAverage Inventory…
Q: Distribution Limited projects sales next year to be $4 million and expects to earn 5% of that amount…
A: Assets is the resource that generates that generates potential benefits in the future for any…
Q: XYZ sdn bhd estimating its cash requirement for the third quarter year 2011. The company's projected…
A: Cash budget was used to estimate a firm's both cash inflows and outflows for a period of time.
Q: Brannon Company expects sales of 700 units for the first quarter, 750 units for the second…
A: Expected sales = (First quarter sale + Second quarter sale + Third quarter sale + Fourth quarter…
Q: Compute the projected after-tax operating cash flow for Steber during the coming year. E
A: Operating Cash Flows: Operating cash flows represent the cash generated by the firm from its normal…
Q: c. Eighty percent of a quarter's merchandise purchases are paid for within the quarter. The…
A: Since there are multiple sub-questions, first 3 sub-questions are answered, please re-post this…
Q: Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter…
A: Quater First Second third fourth Source of cash Cash at start of the period $40 $40…
Q: 3. Margetis Inc. carries an average inventory of $750,000. Is annual sales are S10 million, its cost…
A: Cash conversion cycle (CCC) is the number of days a firm takes to purchase inventory and convert…
Q: Superstar Berhad reported sales of RM70,000 in May and RM80,000 in June. The forecast sales for…
A: CASH BUDGET July August September Total Cash Balance Beginning 3,000 6,500…
Q: Miggy Co. projects the following monthly revenues for next year: 100,000 500,000 452,000 450,000…
A: Working
Q: Sales in December (2019) were 4000 units @ sar10 per unit. Monthly sales for the first four months…
A: Cash collection schedule: Cash Budget:
The MacDonald Corporation’s purchases from suppliers in a quarter are equal to 60 percent of the next quarter’s
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 70 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 15 percent of sales, and interest and dividends are $95 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here: Q1 Q2 Q3 Q4 Sales $2,130 $2,430 $2,130 $1,830 Sales for the first quarter of the following year are projected at $2,460. Calculate the company's cash outlays by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total X Answer is complete but not entirely correct. $ $ Q1 1,491.00 $ 319.50 95.00 2,122.50 $ Q2 1,561.00 $ 364.50 95.00 2,020.50 $ Q3 1,351.00 $ 319.50 95.00 1,765.50 $ Q4 1,575.00 X 274.50 95.00 1,994.50 xThe Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 65 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 35 percent of sales and interest and dividends are $80 per quarter. No capital expenditures are planned. Here are the projected quarterly sales: Q1 Q2 Q3 Q4 Sales $2,040 $2,340 $2,040 $1,740 Sales for the first quarter of the following year are projected at $2,370. Calculate the company's cash outlays by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4The Thakor Corporation's purchases from suppliers in a quarter are equal to 65 percent of the next quarter's forecasted sales. The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales, and interest and dividends are $95 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Q2 Q3 04 Sales $2,370 $2,670 $2,370 $2,070 Sales for the first quarter of the following year are projected at $2,700. Calculate the company's cash outlays by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4
- The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 60 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 40 percent of sales, and interest and dividends are $114 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales Q1 $ 1,500 Q2 Q3 04 $ 1,650 $ 1,710 $ 1,950 Sales for the first quarter of the following year are projected at $1,620. Calculate the company's cash outlays by completing the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Check my work Q4The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 60 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales and interest and dividends are $95 per quarter. No capital expenditures are planned. Here are the projected quarterly sales: Q1 az 03 Q4 Sales $1,860 $2,160 $1,860 $1,560 Sales for the first quarter of the following year are projected at $2,190. Calculate the company's cash outleys by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Q1 Q2 Q3 Q4The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 70 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales, and interest and dividends are $127 per quarter. No capital expenditures are planned. Projected quarterly sales are: 01 02 03 04 Sales $ 1,140 $1,290 $1,380 $ 1,590 Sales for the first quarter of the following year are projected at $1,260. Calculate the company's cash outlays by completing the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 I Q4
- The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 70 percent of the next quarter's forecasted sales. The payables period is 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. Projected quarterly sales are: 01 02 Sales $ 2,340 $ 2,640 Sales for the first quarter of the following year are projected at $2,670. Calculate the company's cash outlays by completing the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total 04 $ 2,040 Q1 Q2 Q3 Q4Company has estimated sales (in millions) for the next four quarters as follows: Q1 Q2 Q3 Q4Sales 150 180 245 280Sales for the first quarter of the year after this one are projected at 340 million. Accounts receivable at the beginning of the year were 70 million. Company has a 30-day collection period.Purchases from suppliers in a quarter are equal to 45 percent of the next quarter’s forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 25 percent of sales. Interest and dividends are 40 million per quarter.Company plans a major capital outlay in the second quarter of 80 million. Finally, the company started the year with a 64 million cash balance and wishes to maintain a 35 million minimum balance.What is Ending Short term debt of the company in 2nd quarter?Wildcat, Incorporated, has estimated sales (in millions) for the next four quarters as follows: Q1 Q2 Q3 Q4 Sales $ 140 $ 160 $ 180 $ 210 Sales for the first quarter of the following year are projected at $155 million. Accounts receivable at the beginning of the year were $61 million. Wildcat has a 45-day collection period. Wildcat’s purchases from suppliers in a quarter are equal to 45 percent of the next quarter’s forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 25 percent of sales. Interest and dividends are $10 million per quarter. Wildcat plans a major capital outlay in the second quarter of $76 million. Finally, the company started the year with a $73 million cash balance and wishes to maintain a $40 million minimum balance. a-1. Assume that Wildcat can borrow any needed funds on a short-term basis at a rate of 3 percent per quarter and can invest any excess funds in…
- Sexton Corporation has projected the following sales for the coming year: Sales Q1 $ 300 Q2 Q3 Q4 $ 390 $ 540 $ 480 Sales in the year following this one are projected to be 25 percent greater in each quarter. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume that the company pays Immediately. a. What is the payables period in this case? Note: Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. Payables period What are the payments to suppliers each quarter? Note: Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Q1 Payment of accounts Q2 Q3 Q4 b. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume a 90-day payables period. Note: Do not round Intermediate calculations and round…Limitless Styles has a 45 day accounts payable period. The firm has expected sales of $900, $1,200, $1,900, and $2,600, respectively, by quarter for the next calendar year. The cost of goods sold for a quarter is equal to 70% of the next quarter sales. The firm has a beginning payables balance of $600 as of quarter one. What is the amount of the projected cash disbursements for accounts payable for Quarter 3 of the next year? Assume that a year has 360 days. A)$1,195 B)$1,085 C)$1,575Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows: Q1 Q2 Q3 Q4 Sales $ 180 $ 200 $ 220 $ 250 Sales for the first quarter of the following year are projected at $195 million. Accounts receivable at the beginning of the year were $77 million. Wildcat has a 45-day collection period. Wildcat’s purchases from suppliers in a quarter are equal to 50 percent of the next quarter’s forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 25 percent of sales. Interest and dividends are $10 million per quarter. Wildcat plans a major capital outlay in the second quarter of $85 million. Finally, the company started the year with a $81 million cash balance and wishes to maintain a $40 million minimum balance. b-1. Complete the following short-term financial plan assuming that Wildcat maintains a minimum cash balance of $20 million.…