70.2K

Verified Solution

Link Copied!

2. (12 poines) Weldin Induntrial Cins Coeproition nupgles acurf lese asd ether - The cermpary welle cach andil for 553 . moseth fotlowing the wale. - The A/R balase at Septersher 30th=ill be collectool in full in Octcher- - The cost of the merchandese is 943 jer anit. wants on maintain ant ending invertory belanee of liths of the thext. month's sales. - The beginning ieventocy halance at Oetober fat is 3,200 anita. - Payment for merchandiac is made as follinw: 14 peid in the momh of the purclase, If paid the month folleming the partanie. * The A.P balance at Septramber 30vh wir toe petis in fill in Oeteober. - A dividend w as paid in Oketeber fer 5548 fove. * Miraruum eavh bilance is 5100,000 . - The cochpary has a line of credit for 5500,000 an an annual inferect rate of 12t;. You can bocrow any araoces ao pet to the minimum off 5100,000. - Loabs are taleen out on ffrnt dey of menile barroned aed repaid at the end of the quarter with interest. Balance stroct. Mertember 30 BRequired a. Prepare a Sales Budget for Dctober, Vovember, December. and Quarter. b. Prepare a Schedule of Expoctod Cash Collections foe Ovsober, Nevemberf. December, ard Quarter. c. Prepare a Merchandise Purchases Budget foe Detober, Noweriber, Descember, and Quarter, Doveniber, and Quarter. o Prepare Banh Dyafects five Orvioter. Cash Budget \begin{tabular}{|l|l|l|l|l|} \hline & October & November & December & \multicolumn{2}{|c|}{ Quarter } \\ \hline Beginning Cash bal. & $100,000 & & & \\ \hline +Cash collections & & & & \\ \hline =Cash Available & & & & \\ \hline Less: Cash Disburse. & & & & \\ \hline For Purchases & & & & \\ \hline Dividend & & & & \\ \hline =Total cash disburse. & & & & \\ \hline Excess/(Deficiency) & & & & \\ \hline Borrowing & & & & \\ \hline Repayment & & & & \\ \hline Interest & & & & \\ \hline Ending Cash bal. & & & & \\ \hline \end{tabular} 2. (12 poines) Weldin Induntrial Cins Coeproition nupgles acurf lese asd ether - The cermpary welle cach andil for 553 . moseth fotlowing the wale. - The A/R balase at Septersher 30th=ill be collectool in full in Octcher- - The cost of the merchandese is 943 jer anit. wants on maintain ant ending invertory belanee of liths of the thext. month's sales. - The beginning ieventocy halance at Oetober fat is 3,200 anita. - Payment for merchandiac is made as follinw: 14 peid in the momh of the purclase, If paid the month folleming the partanie. * The A.P balance at Septramber 30vh wir toe petis in fill in Oeteober. - A dividend w as paid in Oketeber fer 5548 fove. * Miraruum eavh bilance is 5100,000 . - The cochpary has a line of credit for 5500,000 an an annual inferect rate of 12t;. You can bocrow any araoces ao pet to the minimum off 5100,000. - Loabs are taleen out on ffrnt dey of menile barroned aed repaid at the end of the quarter with interest. Balance stroct. Mertember 30 BRequired a. Prepare a Sales Budget for Dctober, Vovember, December. and Quarter. b. Prepare a Schedule of Expoctod Cash Collections foe Ovsober, Nevemberf. December, ard Quarter. c. Prepare a Merchandise Purchases Budget foe Detober, Noweriber, Descember, and Quarter, Doveniber, and Quarter. o Prepare Banh Dyafects five Orvioter. Cash Budget \begin{tabular}{|l|l|l|l|l|} \hline & October & November & December & \multicolumn{2}{|c|}{ Quarter } \\ \hline Beginning Cash bal. & $100,000 & & & \\ \hline +Cash collections & & & & \\ \hline =Cash Available & & & & \\ \hline Less: Cash Disburse. & & & & \\ \hline For Purchases & & & & \\ \hline Dividend & & & & \\ \hline =Total cash disburse. & & & & \\ \hline Excess/(Deficiency) & & & & \\ \hline Borrowing & & & & \\ \hline Repayment & & & & \\ \hline Interest & & & & \\ \hline Ending Cash bal. & & & & \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert

See Answer