Question
In: Finance
Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January,...
Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $20,000 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March?
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Solutions
jeff jeffy answered 5 months agoRelated Solutions
Q1. Big City Manufacturing (BCM) is preparing its cash budget and expects to have sales of...
Q1. Big City Manufacturing (BCM) is preparing its cash
budget and expects to have sales of $450,000 in January, $375,000
in February, and $555,000 in March. If 20% of the sales are
for cash, 45% are credit sales paid in the month after the sale,
and another 35% are credit sales paid 2 months after the sale, what
are the expected cash receipts for March?
1a. In problem 1, Big City Manufacturing (BCM) assumed
that all credit sales were paid...
Big City Manufacturing (BCM) is preparing its cash budget and expects to have sales of $450,000...
Big City Manufacturing (BCM) is preparing its cash budget and
expects to have sales of $450,000 in January, $375,000 in February,
and $555,000 in March. If 20% of the sales are for cash, 45% are
credit sales paid in the month after the sale, and another 35% are
credit sales paid 2 months after the sale, what are the expected
cash receipts for March? Enter your answer rounded to two decimal
places. Do not enter $ or comma in the...
1.Big City Manufacturing (BCM) is preparing its cash budget and expects to have sales of $450,000...
1.Big City Manufacturing (BCM) is preparing its cash
budget and expects to have sales of $450,000 in January, $375,000
in February, and $555,000 in March. If 20% of the sales are
for cash, 45% are credit sales paid in the month after the sale,
and another 35% are credit sales paid 2 months after the sale, what
are the expected cash receipts for March?
2.In problem 1, Big City Manufacturing (BCM) assumed
that all credit sales were paid in full,...
Question 1 Part A Big City Manufacturing (BCM) is preparing its cash budget and expects to...
Question 1
Part A
Big City Manufacturing (BCM) is preparing its cash budget and
expects to have sales of $450,000 in January, $375,000 in February,
and $555,000 in March. If 20% of the sales are for cash, 45% are
credit sales paid in the month after the sale, and another 35% are
credit sales paid 2 months after the sale.
a) What are the expected cash receipts for
March?
Part B
Big City Manufacturing (BCM) assumed that all credit sales...
Walsh Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000....
Walsh Corporation is preparing its cash budget for January. The
budgeted beginning cash balance is $18,000. Budgeted cash receipts
total $183,000 and budgeted cash disbursements total $188,000. The
desired ending cash balance is $30,000. The excess (deficiency) of
cash available over disbursements for January is: Select one: a.
23,000 b. $13,000 c. $201,000 d. ($5,000)
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,900....
Bries Corporation is preparing its cash budget for January. The
budgeted beginning cash balance is $18,900. Budgeted cash receipts
total $187,500 and budgeted cash disbursements total $189,800. The
desired ending cash balance is $30,900.
To attain its desired ending cash balance for January, the
company should borrow:
Multiple Choice
$30,900
$47,500
$14,300
$0
Sarafiny Corporation is in the process of preparing its annual
budget. The following beginning and ending inventory levels are
planned for the year.
Beginning Inventory
Ending Inventory...
Raelynn is preparing its master budget for the quarter ended September 30. Budgeted sales and cash...
Raelynn is preparing its master budget for the quarter ended
September 30. Budgeted sales and cash payments for merchandise for
the next three months follow.
Budgeted
July
August
September
Sales
69,250
85,400
54,750
Cash payments for merchandise
42,950
39,300
33,600
Sales are 20% cash and 80% on credit. All credit sales are
collected in the month following the sale. The June 30 balance
sheet includes balances of $15,000 in cash; $45,000 in accounts
receivable;...
Arakaki Inc. is working on its cash budget for January. The budgeted beginning cash balance is...
Arakaki Inc. is working on its cash budget for January. The budgeted beginning cash balance is $41,000. Budgeted cash receipts total $114,000 and budgeted cash disbursements total $113,000. The desired ending cash balance is $60,000. How much will be the excess (deficiency) of cash available over disbursements for January?
A. $1,000 B. $155,000 C. $42,000 D. $40,000
Castor, Inc., is preparing its master budget for the quarter ended June 30. Budgeted sales and...
Castor, Inc., is preparing its master budget for the quarter
ended June 30. Budgeted sales and cash payments for merchandise for
the next three months follow:
Budgeted
April
May
June
Sales
$
30,800
$
41,200
$
25,200
Cash payments for merchandise
22,600
15,600
16,000
Sales are 75% cash and 25% on credit. All credit sales are
collected in the month following the sale. The March 31 balance
sheet includes balances of $13,200 in cash, $13,200 in accounts
receivable, $12,200 in...
Castor, Inc., is preparing its master budget for the quarter ended June 30. Budgeted sales and...
Castor, Inc., is preparing its master budget for the quarter
ended June 30. Budgeted sales and cash payments for merchandise for
the next three months follow:
Budgeted
April
May
June
Sales
$
30,800
$
41,200
$
25,200
Cash payments for merchandise
22,600
15,600
16,000
Sales are 75% cash and 25% on credit. All credit sales are
collected in the month following the sale. The March 31 balance
sheet includes balances of $13,200 in cash, $13,200 in accounts
receivable, $11,000 in...
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