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      Hello, these are 3 questions I need help with, if you can show me...

2 Green Thumb Gardening is a small gardening service that uses activity-based costing to estimate costs for pricing and other

  

4 You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The followin

vi purnu. AIRULLUulits puyUUI ILMmy UINULIHUOLLUTY purchTUS LULUI Vvvvv, v WHICH WII pulu December d. Selling and administrat

Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Prepare a cash budget for December. Indic

  

Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The followin

10 points Budgeting Assumptions: eBook a. 60% of sales are cash sales and 40% of sales are credit sales. Twenty percent of al

Required: 1. Calculate the expected cash collections for April, May, and June. 2. Calculate the budgeted merchandise purchase

Required: 1. Calculate the expected cash collections for April, May, and June. 2. Calculate the budgeted merchandise purchase

Required: 1. Calculate the expected cash collections for April, May, and June. 2. Calculate the budgeted merchandise purchase



Hello, these are 3 questions I need help with, if you can show me how to get the answer as well. thank you for your time.











2 Green Thumb Gardening is a small gardening service that uses activity-based costing to estimate costs for pricing and other purposes. The proprietor of the company believes that costs are driven primarily by the size of customer lawns, the size of customer garden beds, the distance to travel to customers, and the number of customers. In addition, the costs of maintaining garden beds depends on whether the beds are low maintenance beds (mainly ordinary trees and shrubs) or high maintenance beds (mainly flowers and exotic plants). Accordingly, the company uses the five activity cost pools listed below 10 points Activity Coat Pool Caring for lawn Caring for garden beds-low maintenance Caring for garden beds-high maintenance Travel to jobs Customer billing and service Activity Measure Square feet of iawn Square feet low maintenance beds Square feet of high maintenance beds Miles Number of customers eBook Hint The company already has completed its first stage allocations of costs and has summarized its annual costs and activity as follows: Print Activity Cost Pool Caring for lawn Caring for garden beds-low maintenance Caring for garden beds-high maintenance Travel to jobs Customer billing and service Estimated Overhead Cost $ 85,00 $ 38,400 $ 42,720 $ 3,00 $2,900 Expected Activity 170/000 square feet of lawn 22,000 square feet of low maintenance beds 16,000 square feet of high maintenance beds 13,000 miles 28 customers References Required: Compute the activity rate for each of the activity cost pools. (Round your answers to 2 decimal places.) Activity Rate per square ft of lawn Activity Cost Pool Caring for lawn Caning for garden beds-low maintenance Caring for garden beds-high maintenance Travel to jobs Customer billing and service per square ft of low maintenance beds per square ft of high maintenance beds per mile per customer
4 You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: 0 points a. The cash balance on December 1 is $51,400. b. Actual sales for October and November and expected sales for December are as follows: eBook Cash sales Sales on account October November December $ 71, 600 $ 80,200 $ 88,600 $ 420,000 $ 580,000 $ 652,000 Print References Sales on account are collected over a three-month period as follows: 20% collected in the month of sale, 60% collected in the month following sale, and 18% collected in the second month following sale. The remaining 2% is uncollectible. c. Purchases of inventory will total $287.000 for December. Thirty percent of a month's inventory purchases are paid during the month of purchase. The accounts payable remaining from November's inventory purchases total $160,000, all of which will be paid in December d. Selling and administrative expenses are budgeted at $501,000 for December. Of this amount, $92,300 is for depreciation. e. A new web server for the Marketing Department costing $113,500 will be purchased for cash during December, and dividends totaling $10,000 will be paid during the month f. The company maintains a minimum cash balance of $20,000. An open line of credit is available from the company's bank to increase its cash balance as needed. Required: 1. Calculate the expected cash collections for December 2. Calculate the expected cash disbursements for merchandise purchases for December 3. Prepare a cash budget for December. Indicate in the financing section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3
vi purnu. AIRULLUulits puyUUI ILMmy UINULIHUOLLUTY purchTUS LULUI Vvvvv, v WHICH WII pulu December d. Selling and administrative expenses are budgeted at $501,000 for December. Of this amount, $92,300 is for depreciation. e. A new web server for the Marketing Department costing $113,500 will be purchased for cash during December, and dividends totaling $10,000 will be paid during the month. f. The company maintains a minimum cash balance of $20,000. An open line of credit is available from the company's bank to increase its cash balance as needed. Required: 1. Calculate the expected cash collections for December 2 Calculate the expected cash disbursements for merchandise purchases for December. 3. Prepare a cash budget for December. Indicate in the financing section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 1. Calculate the expected cash collections for December. 2. Calculate the expected cash disbursements for merchandise purchases for December. Total cash collections Cash disbursements for merchandise purchases < Req 1 and 2 Req 3 >
Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Prepare a cash budget for December. Indicate in the financing section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month. 0 Ashton Company Cash Budget For the Month of December Beginning cash balance Add collections from customers Total cash available Less cash disbursements: Payments to suppliers for inventory Selling and administrative expenses New web server Dividends paid Total cash disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments Interest Total financing Ending cash balance 0 0 0 $ 0 < Req 1 and 2 Reg
Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available Deacon Company Balance Sheet March 31 Assets s 62,600 37,200 41,500 174,000 $ 315, 300 Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 113, 100 90,000 132,200 $ 325, 300 s Budgeted Income Statements April Sales $105,000 Cost of goods sold 63,000 Gross margin 42,000 Selling and administrative expenses 15,400 Net operating income $ 26,600 May $115,000 69,000 46,000 16,900 $ 29,100 June $135,000 81,000 54,000 19,900 $ 34,100 Budgeting Assumptions: a. 60% of sales are cash sales and 40% of sales are credit sales. Twenty percent of all credit sales are collected in the month of sale and the remaining 80% are collected in the month subsequent to the sale. b. Budgeted sales for July are $145,000. c. 10% of merchandise inventory purchases are paid in cash at the time of the purchase. The remaining 90% of purchases are credit purchases. All purchases on credit are paid in the month subsequent to the purchase. The accounts payable at March 31 will be paid in April d. Each month's ending merchandise inventory should equal $10,000 plus 50% of the next month's cost of goods sold. e. Depreciation expense is $1.500 per month. All other selling and administrative expenses are paid in full in the month the expense is incurred. -
10 points Budgeting Assumptions: eBook a. 60% of sales are cash sales and 40% of sales are credit sales. Twenty percent of all credit sales are collected in the month of sale and the remaining 80% are collected in the month subsequent to the sale. b. Budgeted sales for July are $145,000. c 10% of merchandise inventory purchases are paid in cash at the time of the purchase. The remaining 90% of purchases are credit purchases. All purchases on credit are paid in the month subsequent to the purchase. The accounts payable at March 31 will be paid in April d. Each month's ending merchandise inventory should equal $10,000 plus 50% of the next month's cost of goods sold. e. Depreciation expense is $1,500 per month. All other selling and administrative expenses are paid in full in the month the expense is incurred. Print References Required: 1. Calculate the expected cash collections for April, May, and June. 2. Calculate the budgeted merchandise purchases for April, May, and June. 3. Calculate the expected cash disbursements for merchandise purchases for April, May, and June 4. Prepare a budgeted balance sheet at June 30th. (Hint You need to calculate the cash paid for selling and administrative expenses during April, May, and June to determine the cash balance in your June 30th balance sheet.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the expected cash collections for April, May, and June. April May June Quarter Total cash collections
Required: 1. Calculate the expected cash collections for April, May, and June. 2. Calculate the budgeted merchandise purchases for April, May, and June. 3. Calculate the expected cash disbursements for merchandise purchases for April, May, and June. 4. Prepare a budgeted balance sheet at June 30th. (Hint: You need to calculate the cash paid for selling and administrative expenses during April, May, and June to determine the cash balance in your June 30th balance sheet.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the budgeted merchandise purchases for April, May, and June. April May June Total Budgeted merchandise purchases < Required 1 Required 3 >
Required: 1. Calculate the expected cash collections for April, May, and June. 2. Calculate the budgeted merchandise purchases for April, May, and June. 3. Calculate the expected cash disbursements for merchandise purchases for April, May, and June. 4. Prepare a budgeted balance sheet at June 30th. (Hint: You need to calculate the cash paid for selling and administrative expenses during April, May, and June to determine the cash balance in your June 30th balance sheet.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the expected cash disbursements for merchandise purchases for April, May, and June. April May June Quarter Budgeted cash disbursements for merchandise purchases < Required 2 Required 4 >
Required: 1. Calculate the expected cash collections for April, May, and June. 2. Calculate the budgeted merchandise purchases for April, May, and June. 3. Calculate the expected cash disbursements for merchandise purchases for April, May, and June. 4. Prepare a budgeted balance sheet at June 30th. (Hint: You need to calculate the cash paid for selling and administrative expenses during April, May, and June to determine the cash balance in your June 30th balance sheet) ints Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Required 4 Print Prepare a budgeted balance sheet at June 30th. (Hint: You need to calculate the cash paid for selling and administrative expenses during April, May, and June to determine the cash balance in your June 30th balance sheet.) Eeferences Deacon Company Balance Sheet June 30 Assets Total assets S 0 Liabilities and Stockholders' Equity Total liabilities and stockholders' equity S
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