During September, the capital expenditure budget indicates a $420,000 purchase of equipment. The ending September cash...
During September, the capital expenditure budget indicates a $420,000 purchase of equipment. The ending September cash balance from operations is budgeted to be $60,000. The company wants to maintain a minimum cash balance of $30,000. What is the minimum cash loan that must be planned to be borrowed from the bank during September?
Homework Answers
minimum cash loan = Purchase Value - Balance of Cash available + Cash balance required after purchase $420,000 - $60,000 + $30,000 = $ 390,000 = ANswer
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During September, the capital expenditure budget indicates a
$420,000 purchase of equipment. The ending September cash...
25. During September, the capital expenditure budget indicates a $280,000 purchase of equipment. The September cash...
25. During September, the capital expenditure budget indicates a $280,000 purchase of equipment. The September cash balance (Net Cash) from Operations is budgeted to be $40,000 before considering the capital expenditure purchase. The company wants to maintain a minimum cash balance (ED) of $20,000 What is the minimum cash loan that must be planned to be borrowed from the bank during September A) $220,000 B) $240,000 C) $260,000 D) $300,000 26. On January 1, Old Lao Shu Bruce Company has...
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...
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...
Use the following information to prepare the September cash budget for PTO Co. The following information...
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. a. Beginning cash balance, September 1, $42,000. b. Budgeted cash receipts from sales in September, $255,000. c. Raw materials are purchased on account. Purchase amounts are August (actual), $77,000, and September (budgeted) $107,000. Payments for direct materials are made as follows: 65% in the month of purchase and 35% in...
Mecca Company, a retailer of specialty wall-papers, prepares a monthly master budget. Data for the September...
Mecca Company, a retailer of specialty wall-papers, prepares a monthly master budget. Data for the September master budget are given below: a. The August 31st balance sheet (Actual): cash $25,000 accounts payable $53,760 accounts receivable 90,000 inventory 28,800 capital stock 278,000 building and equipment (net) 205,000 retained earnings 17,040 b. Actual sales for August and budgeted sales for September, October, and November are given below: August-Actual $120,000 September 360,000 October 200,000 November 180,000 c. Sales are 25% for cash and...
Given the following information, fill in the cash budget First Fourth $ $ $ Second Third...
Given the following information, fill in the cash budget
First Fourth $ $ $ Second Third 208,000 4,761,000 $ 7,757,500 $ 4,969,000 5,564,000 $ 7,222,500 $ $ 214,066 $ 2,939,400 $ 2,295,560 $ 681,000 $ 248,523 $ 225,845 3,222,000.00 $ 2,287,800.00 2,502,800 $ 1,817,720 1,213,000 $ 653,000 $ $ $ $ 248,334 3,565,800.00 2,754,920 1,129,000 $ 8. Cash Budget Beginning cash balance Add: Cash collections Total cash available Less: Cash disbursements Materials Direct Labor Manufacturing overhead Selling and administrative Equipment...
Use the following information to prepare the September cash budget for PTO Co. The following information...
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 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, $44,000. Budgeted cash receipts from sales in September, $262,000. Raw materials are purchased on account. Purchase amounts are: August (actual), $72,000, and September (budgeted), $100,000. Payments for direct materials are made as follows: 65% in the month of purchase and 35% in the month...
Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash...
Built-Tight is preparing its master budget for the quarter ended
September 30. Budgeted sales and cash payments for product costs
for the quarter follow.
July
August
September
Budgeted sales
$
58,000
$
74,000
$
54,000
Budgeted cash payments for
Direct materials
15,960
13,240
13,560
Direct labor
3,840
3,160
3,240
Factory overhead
20,000
16,600
17,000
Sales are 25% cash and 75% on credit. All credit sales are
collected in the month following the sale. The June 30 balance
sheet includes balances...
Check my w Use the following information to prepare the September cash budget for PTO Manufacturing...
Check my w Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following information expected cash receipts and cash payments for the month ended September 30 relates to a. Beginning cash balance, September 1, $47000 b. Budgesed cash receipts from sales in September $264000 c. Raw materials are purchased on account Purchase amounts are: August (actuat $78.000, and September 216 are: August (ectual 100,000 Payments for direct materials are made as d. Budgeted cash...
25. During September, the capital expenditure budget indicates a $280,000 purchase of equipment. The September cash balance (Net Cash) from Operations is budgeted to be $40,000 before considering the capital expenditure purchase. The company wants to maintain a minimum cash balance (ED) of $20,000 What is the minimum cash loan that must be planned to be borrowed from the bank during September A) $220,000 B) $240,000 C) $260,000 D) $300,000 26. On January 1, Old Lao Shu Bruce Company has...
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, $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...
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. a. Beginning cash balance, September 1, $42,000. b. Budgeted cash receipts from sales in September, $255,000. c. Raw materials are purchased on account. Purchase amounts are August (actual), $77,000, and September (budgeted) $107,000. Payments for direct materials are made as follows: 65% in the month of purchase and 35% in...
Given the following information, fill in the cash budget
First Fourth $ $ $ Second Third 208,000 4,761,000 $ 7,757,500 $ 4,969,000 5,564,000 $ 7,222,500 $ $ 214,066 $ 2,939,400 $ 2,295,560 $ 681,000 $ 248,523 $ 225,845 3,222,000.00 $ 2,287,800.00 2,502,800 $ 1,817,720 1,213,000 $ 653,000 $ $ $ $ 248,334 3,565,800.00 2,754,920 1,129,000 $ 8. Cash Budget Beginning cash balance Add: Cash collections Total cash available Less: Cash disbursements Materials Direct Labor Manufacturing overhead Selling and administrative Equipment...
Built-Tight is preparing its master budget for the quarter ended
September 30. Budgeted sales and cash payments for product costs
for the quarter follow.
July
August
September
Budgeted sales
$
58,000
$
74,000
$
54,000
Budgeted cash payments for
Direct materials
15,960
13,240
13,560
Direct labor
3,840
3,160
3,240
Factory overhead
20,000
16,600
17,000
Sales are 25% cash and 75% on credit. All credit sales are
collected in the month following the sale. The June 30 balance
sheet includes balances...
Check my w Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following information expected cash receipts and cash payments for the month ended September 30 relates to a. Beginning cash balance, September 1, $47000 b. Budgesed cash receipts from sales in September $264000 c. Raw materials are purchased on account Purchase amounts are: August (actuat $78.000, and September 216 are: August (ectual 100,000 Payments for direct materials are made as d. Budgeted cash...
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