Budget in Service Company Assignment (1) (1) (4)

Please help

owa Imaging Center provided the financial information in Exhibit 5.15 below.  Prepare a cash budget for the quarter ending March 20X1.  For Blackboard you will enter your ENDING cash balance for the months of  January 20X1, February 20X1, March 20X1, and the Quarter ending March 20X1.  I want you to submit your work for this problem by email so I can review the entire document. Exhibit 5-15 Iowa Imaging Center                             Givens               Revenues and Expenses                                   Patient Revenues, 20X0   Estimated Patient Revenues, 20X1     Given 1 October $4,000,000 Given 2 January $4,300,000       November $4,200,000   February $4,350,000       December $4,300,000   March $4,400,000                                     Other Revenues, 20X1   Estimated Cash Outflows, 20X1a     Given 3 January $90,000 Given 4 January $4,250,000…

Required 1. Prepare a cash receipts budget schedule for each of the first three months (July – September), including the total receipts per month 2. Prepare a material purchases budget schedule for each of the first three months (July – September), including the total purchases per month 3. Prepare a cash budget for the month of July. Include the owners’ cash contributions

Tamarisk Garden Center has the following cash budget information available for the month of August: Beginning cash balance Cash receipts from sales and collections on account Collection of note receivable and interest Cash disbursements for operating expenses The company would have to $129,000 eTexthonk and Media 115,000 8,100 If the company has a policy of maintaining an end of the month cash balance of $120,000, determine the amount the company would have to borrow or the amount of excess cash it will have to invest in August. 96,400 SUPPORT

answer in text form please (without image)

please dont provide answer in image format thank you

Schedule of Expected Cash Collections; Cash Budget The president of the retailer Prime Products has just approached the company’s bank with a request for a $30,000, 90-day loan. The purpose of the loan is to assist the company in acquiring inventories. Because the company has had some difficulty in paying off its loans in the past, the loan officer has asked for a cash budget to help determine whether the loan should be made. The following data are available for the months April through June, during which the loan will be used: a. On April 1, the start of the loan period, the cash balance will be $24,000. Accounts receivable on April 1 will total $140,000, of which $120,000 will be collected during April and $16,000 will be collected during May. The remainder will be uncollectible. b. Past experience shows that 30% of a month’s sales are collected in the month of sale, 60% in the month following sale, and 8% in the second month following sale. The other 2% is bad debts that are never…

The accountant for Jean's Dress Shop prepared the following cash budget. Jean's desires to maintain a cash cushion of $10,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 1 percent per month. Required a. Complete the cash budget by filling in the missing amounts. b. Determine the amount of net cash flows from operating activities Jean's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Jean's will report on the third quarter pro forma statement of cash flows. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the cash budget by filling in the missing amounts. (Any shortages or repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.) Cash Budget Section 1: Cash receipts Beginning cash balance Add cash receipts Total cash…

Calculate the accounts payable balance on the Balance Sheet for the month September. Prepare a cash budget for the month of September.

please help me provide complete and correct answer with all woking please answer in text

May I get some accurate assistance please

Please help me with show all Calculation thanku

Please assist with part b and c. Thanks

Prepare a one-year budget of Revenues and Expenses of Ms. Corazon accounting firm. You may separate the budget for the periods January - April and May - December. Thank you!

At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job)..... $9,250  Purchase season football tickets in September.....160 Additional entertainment for each month.....250 Pay fall semester tuition in September......4,800 Pay rent at the beginning of each month.....600 Pay for food each month....550 Pay apartment deposit on September 2 (to be returned December 15).....600 Part-time job earnings each month (net of taxes)....1,200 a.  Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. b.  Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?…

At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Line Item Description Amount Cash balance, September 1 (from a summer job) $7,870 Purchase season football tickets in September 110 Additional entertainment for each month 270 Pay fall semester tuition in September 4,200 Pay rent at the beginning of each month 380 Pay for food each month 220 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 980 Question Content Area a.  Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Craig KovarCash BudgetFor the Four Months Ending…

The owner of a plumbing supply company has requested a cash budget for June. After examining the records of the company, you find the following: a. Cash balance on June 1 is $1,486. b. Actual sales for April and May are as follows: Cash sales Credit sales Total sales April May $10,000 28,900 $18,000 $38,900 35,000 $53,000 c. Credit sales are collected over a 3-month period: 30% in the month of sale, 40% in the second month, and 20% in the third month. The sales collected in the third month are subject to a 2% late fee, which is paid by those customers in addition to what they owe. The remaining sales are uncollectible. d. Inventory purchases average 68% of a month's total sales. Of those purchases, 20% are paid for in the month of purchase. The remaining 80% are paid for in the following month. e. Salaries and wages total $11,750 per month, including a $4,500 salary paid to the owner f. Rent is $5,200 per month. 9. Taxes to be paid in June are $6,780. The owner also tells you that he…

Kellogg Company’s financial managers are meeting with the company’s bank to renew their line of credit and discuss their investment needs. They have prepared the company’s operating cash budget for the last six months of the year. The following budget assumptions were used to construct the budget: • Kellogg’s total sales for each month were first calculated in the sales budget and are reflected on the first line of the cash budget. • Kellogg’s sales are made on credit with terms of 2/10, net 30. Kellogg’s experience is that 25% is collected from customers who take advantage of the discount, 65% is collected in the second month, and the last 10% is collected in the third month after the sale. The budget assumes that there are no bad debts. • The cost of materials averages 55% of Kellogg’s finished product. The purchases are generally made one month in advance of the sale, and Kellogg pays its suppliers in 30 days. Accordingly, if July sales are forecasted at $110.00 million,…

Please assist with (a)   Thank you

Complete your calculations by filling in the highlighted cells. Discuss your observations about the way cash is collected if the company needs $150,000 per month for expenses.

Pelican Merchandising & More is a family-owned store. The business is now approaching the end of the year and is in the process of identifying its cash needs for the first quarter of the new year. You are the management accountant of the entity and have been tasked to prepare the cash budget for the business for the quarter ending March 31, 2022. (i) Extracts from the sales and purchases budgets are as follows:Month2021 - 2022CashSalesSalesOn AccountCashPurchasesPurchasesOnAccountNovember 2021 $138,100 $480,000 $345,000December 2021 $156,500 $600,000 $25,800 $380,000January 2022 $170,975 $650,000 $44,625 $400,000February 2022 $135,740 $700,000 $30,400 $480,000March 2022 $226,420 $800,000 $55,100 $540,000(ii) An analysis of the records shows that trade receivables (accounts receivable) are settled according to the following credit pattern, in accordance with the credit terms 4/30, n90:55% in the month of sale 35% in the first month following the sale8% in the second month following…

Pelican Merchandising & More is a family-owned store. The business is now approaching the end of the year and is in the process of identifying its cash needs for the first quarter of the new year. You are the management accountant of the entity and have been tasked to prepare the cash budget for the business for the quarter ending March 31, 2022. (i) Extracts from the sales and purchases budgets are as follows:Month2021 - 2022CashSalesSalesOn AccountCashPurchasesPurchasesOnAccountNovember 2021 $138,100 $480,000 $345,000December 2021 $156,500 $600,000 $25,800 $380,000January 2022 $170,975 $650,000 $44,625 $400,000February 2022 $135,740 $700,000 $30,400 $480,000March 2022 $226,420 $800,000 $55,100 $540,00   Another team member who is preparing the Budgeted Balance Sheet for the business for the same quarter ending March 31, 2022 and has asked you to furnish him with the figures for the expected trade receivables and payables to be included in the statement. Is that a reasonable…

Pelican Merchandising & More is a family-owned store. The business is now approaching the end of the year and is in the process of identifying its cash needs for the first quarter of the new year. You are the management accountant of the entity and have been tasked to prepare the cash budget for the business for the quarter ending March 31, 2022. (i) Extracts from the sales and purchases budgets are as follows:Month2021 - 2022CashSalesSalesOn AccountCashPurchasesPurchasesOnAccountNovember 2021 $138,100 $480,000 $345,000December 2021 $156,500 $600,000 $25,800 $380,000January 2022 $170,975 $650,000 $44,625 $400,000February 2022 $135,740 $700,000 $30,400 $480,000March 2022 $226,420 $800,000 $55,100 $540,00   A schedule of expected cash disbursements for accounts payable (purchases on account) for each of the months January to March.

Can you give me the step by step answers on how to compute this: An excel spreadsheet would be amazing... ProblemThe treasurer of Bradly Lawn Equipment Company instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: August September OctoberSales $310,000 $390,000 $366,000Manufacturing costs 190,000 240,000 215,000Operating expenses 56,000 71,000 65,000Capital expenditures 24,000   The company expects to sell about 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in full in the month following the sale and the remainder the following month. Depreciation, insurance, and property taxes represent $20,000 of the estimated monthly manufacturing costs and $4,000 of the probable monthly operating expenses.¬ The annual insurance premium is paid in July, and the annual property taxes are paid in November. Of the remainder of the manufacturing costs and operating expenses, 80% are…

The accountant for Jean’s Dress Shop prepared the following cash budget. Jean’s desires to maintain a cash cushion of $10,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 1 percent per month.   Required Complete the cash budget by filling in the missing amounts. Determine the amount of net cash flows from operating activities Jean’s will report on the third quarter pro forma statement of cash flows. Determine the amount of net cash flows from financing activities Jean’s will report on the third quarter pro forma statement of cash flows.

The accountant for Jean’s Dress Shop prepared the following cash budget. Jean’s desires to maintain a cash cushion of $10,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 1 percent per month. Required Complete the cash budget by filling in the missing amounts. Determine the amount of net cash flows from operating activities Jean’s will report on the third quarter pro forma statement of cash flows. Determine the amount of net cash flows from financing activities Jean’s will report on the third quarter pro forma statement of cash flows.a.          Cash Budget July August September Section 1: Cash receipts       Beginning cash balance $25,000     Add cash receipts 90,000 100,000 120,300 Total cash available 115,000     Section 2: Cash payments       For inventory purchases 82,750 70,115 87,076 For S&A expenses 27,250 30,280 30,716 For interest…

Please help me

Please help me.  Thankyou.

The controller of Sonoma Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: Sales Manufacturing costs Selling and administrative expenses Capital expenditures Estimated cash receipts from: Cash sales Collection of accounts receivable May July $90,000 $109,000 $148,000 Sonoma Housewares Inc. Cash Budget Total cash receipts Estimated cash payments for: Manufacturing costs Dividends 38,000 26,000 The company expects to sell about 10% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month following the sale and the remainder the following month (second month following sale). Depreciation, insurance, and property tax expense represent $8,000 of the estimated monthly manufacturing costs. The annual insurance premium is paid in September, and the annual property taxes are paid in November. Of the remainder of the manufacturing costs, 75% are expected to be…

Can you please answer question A thanks. Please make it clear enough so I can understand.   Thanks in advance

please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)

You are hired as a financial manager and your first task is to establish the cash budget of your firm.You gathered the following information. The firm receives all income from sales•Sales estimates (in millions)* Quarter1 = 1,000; Quarter2 = 1,250; Quarter3 = 1,500; Quarter4 = 2,000; Quarter1 next year = 1,200• Accounts receivable* Beginning receivables = $3000* Average collection period = 45 days• Accounts payable* Purchases = 60% of next quarter’s sales* Beginning payables = 1,200* Accounts payable period is 45 days• Other expenses*Wages, taxes, and other expense are 25% of sales*Interest and dividend payments are $100*A major capital expenditure of $500 is expected in the second quarter•The initial cash balance is $100 and the company maintains a minimum balance of $50 1) Required: establish the cash budget of the  firm.

I only need the Unpaid Expenses x Percent to Pay help. Thank you.  Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January–March). The Accrued Expenses Payable balance on January 1 is $15,000. The budgeted expenses for the next three months are as follows:   January February March Salaries $56,900   $ 68,100   $ 72,200   Utilities 2,400   2,600   2,500   Other operating expenses 32,300   41,500   44,700   Total $91,600   $112,200   $119,400   Other operating expenses include $3,000 of monthly depreciation expense and $500 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 70% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for…

Subject - account  Please help me.  Thankyou.

Hello, good evening I wanna know do you have solved this cash budget, if you do can you send it to me, because i have problems with sloving this problem. Thanks in advance :)Greeting

Really stuck on this problem, please help with what you can I really appreciate

The following information was taken from Trusted Care Company's cash budget for the month of April: Beginning cash balance Cash receipts Cash disbursements If the company has a policy of maintaining an end of the month minimum cash balance of $25,000, the amount the company would have to borrow is $10,000 $13,000 $11,000 $0 $27,000 62,000 75,000

Calculate the cash receipts $ for the month of September. Calculate the material purchase $ for the appropriate months. Calculate the accounts payable payments for the month September. Calculate the accounts payable balance on the Balance Sheet for the month September. Prepare a cash budget for the month of September.

You are hired as a financial manager and your first task is to establish the cash budget of your firm.You gathered the following information: The firm receives all income from sales•Sales estimates (in millions)* Quarter1 = 1,000; Quarter2 = 1,250; Quarter3 = 1,500; Quarter4 = 2,000; Quarter1 next year = 1,200• Accounts receivable* Beginning receivables = $3000* Average collection period = 45 days• Accounts payable* Purchases = 60% of next quarter’s sales* Beginning payables = 1,200* Accounts payable period is 45 days• Other expenses*Wages, taxes, and other expense are 25% of sales*Interest and dividend payments are $100*A major capital expenditure of $500 is expected in the second quarter•The initial cash balance is $100 and the company maintains a minimum balance of $50