A firm collects 25% of its credit sale in the month of sale and the remainder in the following month. The credit sale for the month of June is GHC 150,000. It expert to pay bills of GHC 22,000 in July.  The depreciation for the month is GHC 1000. If the company maintains an end month cash balance of GHC 100,000, what is the external finance required?

Q: a. Management expects to sell equipment that cost $14,000 at a gain of $7,000. Accumulated…

A: Cash Receipt :— It is the amount of cash received from transaction involving cash inflow.   Cash…

Q: Assume that sales and expenses forecasts for months April, May, June, and July are as follows. 20%…

A: Cash Budget: A cash budget plan is a report delivered to assist a business with dealing with their…

Q: Alpha Products Ltd, a new manufacturing business started production on 1 January. Sales are planned…

A: An inventory budget is an estimate of how much working capital a company would need to spend in…

Q: Harry's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs…

A: Given information: The overhead expenses = $31,000 per month The tax amount =$8,600 in January The…

Q: Johns industries expects to purchase $160000 of materials in July and $180000 of materials in…

A: The correct option is (2) $175,000. Disbursement of cash refers to the outflow of cash for providing…

Q: For April, Anderson Antiques will have cash receipts of $365,000 and cash disbursements of $370,000.…

A: Net Cash Flow for the Month = Cash Receipts - Cash Disbursements Net Cash Flow for the Month =…

Q: How much cash would be collected in June from sales? * NUBD Co. has the following sales forecasts…

A: The question is related to the Budgetory Control. In the question it is given that  Cash Sales = 75%…

Q: The Milton Company currently purchases an average of $25,000 per day in raw materials on credit…

A: 1. Calculate the current level of trade credit:

Q: Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35…

A: The cash conversion cycle is a tool that is used by the companies to find the number of days…

Q: The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the…

A: Cash Sales: Cash sales are transactions in which the buyer pays immediately. Bills, coins, cheques,…

Q: Harry’s Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs…

A: A cash budget is a budget prepared for the cash inflows and outflows of the operating, investing,…

Q: A firm has projected sales in May, June, and July of P10,000, P20,000, and P30,000, respectively.…

A: Usually, the Firm needs to assess the cash position to assess the cash requirement from time to…

Q: A company's sales for the coming months are as follows: April, P175,000 June, P140,000 August,…

A: The Cash Budget is the total estimation of the total cash receipts and the total cash to be disburse…

Q: The Kingsman Company historically has had 25 percent cash sales with the remainder paid within one…

A:

Q: During the next four months, a furniture manufacturer will be entering its holiday season.…

A: The annual percentage rate seems to be the cost of credit, expressed as a percentage, over a year.…

Q: Nazmi Shah Sdn Bhd wishes to expand its business by opening an additional two more stores and needs…

A: Working Note #1 Statement  of cash collection Description Month   November December January…

Q: Harry's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs…

A: A cash budget is an estimate of a corporation's cash flows for a given time span. A cash budget is…

Q: Foyert Corporation requires a minimum $7,400 cash balance. Loans taken to meet this requirement cost…

A: A budget refers to the statement that is prepared based on the estimation of revenue and expenditure…

Q: Assume that sales and expenses forecasts for months April, May, June, and July are as follows. 20%…

A: Pro forma cash flow It provides the estimated cash inflow and cash outflow for the coming period. It…

Q: Planet Company purchased goods worth $50,000 in July and expects to purchase goods worth $70,000 in…

A: Solution:- Computation of total expected cash disbursement for the month of August as follows…

Q: Tokyo Corporation purchases P1,500 in raw material each month to support sales of P2,500 that occur…

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: ted sales to be P260,000 in June, P 270,000 in July and P300,000 in August. Hawaii collects 30% of a…

A: The accounts receivable balance can be computed as follows : . Since the 100% of the sales made is…

Q: If ABC plans to pay 30% of the month’s purchases during the month of purchase, 50% in the next…

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: In 2021, Chatsworth Company expects sales of $40,000 in July, $50,000 in August, and $30,000 in…

A: July sales = $40,000 July Cash sales = 40% July Credit sales = 60% Uncollectble amount = 5% of…

Q: Roque Company has been accumulating operating data in order to prepare an annual profit plan.…

A: This is monthly budgeting of the company.  Based on…

Q: Terrel Manufacturing expects stable sales through the summer months of June, July, and August of…

A:

Q: Harry’s Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs…

A: A budget is a financial plan which is associated with future. It could be prepared for the…

Q: If a firm has sales of $21,752,000 a year, and the average collection period for the industry is 45…

A: Average collection period refers to the number of days a company takes to receive the outstanding…

Q: J&P Corp., has been accumulating operating data in order to prepare an annual profit plan. Details…

A: Under the management accounting, the forecast of sales, purchases, expenses, etc. are made for…

Q: a company could raise f

A:

Q: Watts Industries' carries 87 days in Inventory, and collects its Accounts Receivable in 75 days. If…

A: The cash conversion cycle is the number of days required for the cash invested in inventory to be…

Q: Terrel Manufacturing expects stable sales through the summer months of June, July, and August of…

A: 1.                                                            Cash Budget of Terral Manufacturing…

Q: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is…

A: The cash budget is prepared by the management to estimate the expected cash receipt and cash…

Q: Petlassa is a company with a large distribution network and selling automobile tires. The company's…

A: Cash flow refers to a real or a digital movement of money, means movement of money from one end to…

Q: a) Sharam Industries has a 120-day operating cycle. If its average age of inventory is 50 days, how…

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: Assume that sales and expenses forecasts for months April, May, June, and July are as follows. 20%…

A: Cash Budget: In the business world, a cash budget is an estimate of a company's cash flows over a…

Q: a. Management expects to sell equipment that cost S$14,000 at a gain of $7,000. Accumulated…

A: In the given question, the total cash payments for expenses in September will comprise of: Monthly…

Q: Superstar Berhad reported sales of RM70,000 in May and RM80,000 in June. The forecast sales for…

A: CASH BUDGET   July  August September Total Cash Balance Beginning        3,000        6,500…

Q: Alpha Products Ltd, a new manufacturing business started production on 1 January. Sales are planned…

A: An inventory budget is a best-guess estimate of how much operating capital a company would need to…

Q: The table below highlights Deluna Company's expected sales Month RM January 100,000 February 120,000…

A: Jan sale = 100,000 Feb sale = 120000 March sale = 110000 Receipt in the month of sale = 30% One…

Q: In 2021, Chatsworth Company expects sales of $40,000 in July, $50,000 in August, and $30,000 in…

A: The cash receipts during period consists of receipts from current sales and receipts from past…

Q: Eddie's Bar and Restaurant Supplies expects its revenues and payments for the first part of the year…

A: Formula: Cash received amount = Total sales x collectible percentage of sales amount for the month.…