Question
In: Accounting
The projected sales of Terus Maju Holdings for the first and second quarter of 2009 are...
The projected sales of Terus Maju Holdings for the first and second quarter of 2009 are as
follows:
Month Total sales (RM)
January 2 500 000
February 2 600 000
March 2 650 000
April 3 630 000
May 3 850 000
June 3 780 000
July 3 900 000
i. The company makes 20% cash sale, 50% is collected in the month following sales, and 30% is collected in the second month following sales.
ii. Purchases are 60% of sales and are made one month before the sales occur. Payment is
made equally in the two months after purchases.
iii. The company pays RM35 000 each month for wages and RM20 000 each month for rent
and other administrative expenses.
iv. Selling expenses are RM40 000 per month. Tax repayment of RM30 000 are made at the beginning of each quarter.
vi. A machine costing RM70 000 will be bought on May 2009, and the monthly depreciation
is RM200.
vii. Interest on term loan of RM15 000 is payable at the beginning of every quarter.
viii. Beginning balance is RM80 000 and a minimum of RM20 000 must be maintained at all
times.
Prepare a cash budget for Terus Maju Holdings for the second quarter of 2009.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows:
April
May
June
Sales
45,000
35,000
55,000
Production
55,000
45,000
45,000
Cash-related production costs are budgeted at $7 per unit
produced. Of these production costs, 25% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $70,000 per
month. The accounts payable balance on March 31 totals...
Tilson Company has projected sales and production in units for the second quarter of the coming...
Tilson Company has projected sales and production in units for
the second quarter of the coming year as follows:
April
May
June
Sales
55,000
45,000
65,000
Production
65,000
55,000
55,000
Cash-related production costs are budgeted at $7 per unit produced.
Of these production costs, 40% are paid in the month in which they
are incurred and the balance in the following month. Selling and
administrative expenses will amount to $110,000 per month. The
accounts payable balance on March...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows:
April May June
Sales 50,000 40,000
60,000
Production 60,000 50,000
50,000
Cash-related production costs are budgeted at $8 per unit
produced. Of these production costs, 35% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $80,000 per
month. The accounts payable balance on March 31...
For the second quarter of the following year Cloaks Company has projected sales and production in...
For the second quarter of the
following year Cloaks Company has projected sales and production in
units as follows:
Jan
Feb
Mar
Sales
56,000
58,000
63,000
Production
60,000
55,000
56,000
Cash-related production costs are
budgeted at $8 per unit produced. Of these production costs, 40%
are paid in the month in which they are incurred and the balance in
the next month. $170,000 per month will account for Selling and
administrative expenses. On January 31 the accounts payable balance
totals...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows:
April
May
June
Sales
49,000
39,000
59,000
Production
59,000
49,000
49,000
Cash-related production costs are budgeted at $6 per unit
produced. Of these production costs, 40% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $60,000 per
month. The accounts payable balance on March 31 totals...
Bainbridge, Inc. has projected sales and production in units for the second quarter of the coming...
Bainbridge, Inc. has projected sales and production in units for
the second quarter of the coming year as follows:
August
September
October
Production
95,000
85,000
70,000
Sales
85,000
75,000
95,000
Cash-related production costs are budgeted at $12 per unit
produced. Of these production costs, 35% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $125,000 per
month and increase 2% each month thereafter. The accounts...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows:
April
May
June
Sales
53,000
43,000
63,000
Production
63,000
53,000
53,000
Cash-related production costs are budgeted at $5 per unit
produced. Of these production costs, 40% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $50,000 per
month. The accounts payable balance on March 31 totals...
For the second quarter of the following year Cloaks Company has projected sales and production in...
For the second quarter of the
following year Cloaks Company has projected sales and production in
units as follows:
Jan
Feb
Mar
Sales
56,000
58,000
63,000
Production
60,000
55,000
56,000
Cash-related production costs are
budgeted at $8 per unit produced. Of these production costs, 40%
are paid in the month in which they are incurred and the balance in
the next month. $170,000 per month will account for Selling and
administrative expenses. On January 31 the accounts payable balance
totals...
For the second quarter of the following year Cloaks Company has projected sales and production in...
For the second quarter of the
following year Cloaks Company has projected sales and production in
units as follows:
Jan
Feb
Mar
Sales
56,000
58,000
63,000
Production
60,000
55,000
56,000
Cash-related production costs are
budgeted at $8 per unit produced. Of these production costs, 40%
are paid in the month in which they are incurred and the balance in
the next month. $170,000 per month will account for Selling and
administrative expenses. On January 31 the accounts payable balance
totals...
For the second quarter of the following year Cloaks Company has projected sales and production in...
For the second quarter of the
following year Cloaks Company has projected sales and production in
units as follows:
Jan
Feb
Mar
Sales
56,000
58,000
63,000
Production
60,000
55,000
56,000
Cash-related production costs are
budgeted at $8 per unit produced. Of these production costs, 40%
are paid in the month in which they are incurred and the balance in
the next month. $170,000 per month will account for Selling and
administrative expenses. On January 31 the accounts payable balance
totals...
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