Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help me prepare a cash budget, also please dont co

help me prepare a cash budget, also please dont comment asking me to pay you...

50.1K

Verified Solution

Question

Accounting

help me prepare a cash budget, also please dont comment asking me to pay you to solve this question somewhere else!

image

all the info is here?

18. YunCorp has prepared the following budget for September: $1,500,000 Sales revenue Cost of goods sold Gross margin 1,000,000 $ 500,000 Operating expenses 450,000 Operating income $ 50,000 Cost of goods sold is three-fourths variable and period costs are two-thirds variable. Half of variable cost of goods sold consists of direct materials costs. Sales are planned as follows: July 28,000 August 31,000 September 30,000 des YunCorp keeps finished goods inventory balances constant, but raw materials inventories are expected to be 15% of the following month's production needs. YunCorp collects 80% of each month's revenues in the month of sale, 15% in the following month, and the remainder is uncollectible. YunCorp pays for all costs in the month following purchase. YunCorp had $200,000 in their Cash account at the beginning of September. Prepare a cash budget for September

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students