Preparing a Cash Budget La Famiglia Pizzeria provided the following information for the month...
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Preparing a Cash Budget La Famiglia Pizzeria provided the following information for the month of October: Sales are budgeted to be $ About of sales is cash; the remainder is on account. La Famiglia expects that, on average, of credit sales will be paid in the month of sale, and will be paid in the following month. Food and supplies purchases, all on account, are expected to be $ La Famiglia pays in the month of purchase and in the month following purchase. Most of the work is done by the owners, who typically withdraw $ a month from the business as their salary. Note: The $ is a payment in total to the two owners, not per person. Various parttime workers cost $ per month. They are paid for their work weekly, so on average of their wages are paid in the month incurred and the remaining in the next month. Utilities average $ per month. Rent on the building is $ per month. Insurance is paid quarterly; the next payment of $ is due in October. September sales were $ and purchases of food and supplies in September equaled $ The cash balance on October is $ Required: Question Content Area If required, round your answers to the nearest dollar. Calculate the cash receipts expected in October. $fill in the blank abcffbfdc Calculate the cash needed in October to pay for food purchases. $fill in the blank abcffbfdc Question Content Area Prepare a cash budget for the month of October. La Famiglia Pizzeria Cash budget For the month of October Beginning balance $fill in the blank efd Cash receipts fill in the blank efd Cash available $fill in the blank efd Less: Payments for food and supplies purchases $fill in the blank efd Owners' draw fill in the blank efd Workers' wages fill in the blank efd Utilities fill in the blank efd Rent fill in the blank efd Insurance fill in the blank efd Total disbursements $fill in the blank efd Ending balance $fill in the blank efd Can u help me finish answering the unanswered questions
Preparing a Cash Budget
La Famiglia Pizzeria provided the following information for the month of October:
Sales are budgeted to be $ About of sales is cash; the remainder is on account.
La Famiglia expects that, on average, of credit sales will be paid in the month of sale, and will be paid in the following month.
Food and supplies purchases, all on account, are expected to be $ La Famiglia pays in the month of purchase and in the month following purchase.
Most of the work is done by the owners, who typically withdraw $ a month from the business as their salary. Note: The $ is a payment in total to the two owners, not per person. Various parttime workers cost $ per month. They are paid for their work weekly, so on average of their wages are paid in the month incurred and the remaining in the next month.
Utilities average $ per month. Rent on the building is $ per month.
Insurance is paid quarterly; the next payment of $ is due in October.
September sales were $ and purchases of food and supplies in September equaled $
The cash balance on October is $
Required:
Question Content Area
If required, round your answers to the nearest dollar.
Calculate the cash receipts expected in October.
$fill in the blank abcffbfdc
Calculate the cash needed in October to pay for food purchases.
$fill in the blank abcffbfdc
Question Content Area
Prepare a cash budget for the month of October.
La Famiglia Pizzeria
Cash budget
For the month of October
Beginning balance $fill in the blank efd
Cash receipts fill in the blank efd
Cash available $fill in the blank efd
Less:
Payments for food and supplies purchases $fill in the blank efd
Owners' draw fill in the blank efd
Workers' wages fill in the blank efd
Utilities fill in the blank efd
Rent fill in the blank efd
Insurance fill in the blank efd
Total disbursements $fill in the blank efd
Ending balance $fill in the blank efd
Can u help me finish answering the unanswered questions
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