Hupsprings, Inc. direct materials budget shows the following cost of materials to be purchased for the upcoming three months:       January   February   March April  Material purchases   $100,000   $108,450   $112,400 $114,800 Payments for purchases are expected to be made 20% in the month of purchase and 80% in the month following purchase. The December Accounts Payable balance is $65,000. The budgeted cash payments for materials in February are:     a. $108,450   b. $101,690   c. $173,450   d. $106,760   e. $171,760

Q: You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise…

A: 1. The cash collections in December is as followsCash Collection$ExplanationsDecember Cash…

Q: The company's total budgeted collection from April to June amounts to * A Format: 1,111,111 NUBD…

A: Cash Collection = Cash Sales + Collection of Credit Sales

Q: Budgeted sales for January $200,000 and February $100,000.         Collections for sales are 60% in…

A: Budgeted cash collection: =Beginning accounts receivable+ (Budgeted level of sales *Collections for…

Q: Barnes Company expects to begin operating on January 1. The company's master budget contained the…

A: Depreciation is a non cash item , it should not be shown in cash budget statement. Accumulated…

Q: Use the following information to prepare the September cash budget for PTO Co. The following…

A: Cash paid for direct materials in September = ($80,000 x 35%) + ($110,000 x 65%) = $99,500

Q: X-Tel budgets sales of $108,000 for April, $144,000 for May, and $66,000 for June.  In addition,…

A: Cash budget is based on cash forecasts or estimates which gives information as to what funds would…

Q: You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise…

A: Budgeting: It is a process of planning the work to be performed. Under this process a formal plan is…

Q: Fortune Company's direct materials budget shows the following cost of materials to be purchased for…

A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past…

Q: Bright Minds Toy Company prepared the following sales budget for the second quarter Projected sales…

A: The cash budget is prepared by the management to identify the future available cash and it helps to…

Q: South Dakota Company budgets sales of 22,000 units for January and 30,000 for February. The budgeted…

A: Budgeted production = Total requirements - Beginning inventory Total requirements = Budgeted sales +…

Q: Determine the amount of accounts receivable reported on the company’s budgeted balance sheet as of…

A: Sales Budget is prepared by the Business Entities to estimate the sales required to achieve the…

Q: Fortune Company's direct materials budget shows the following cost of materials to be purchased for…

A: Cash budget is one of the important budget being prepared by the business. It shows estimated cash…

Q: Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: Cash sales: Cash received once the activity of sales commenced is known as cash sale. It is payment…

Q: budgeted cash payments

A: Cash budget is made in order to ensure liquidity to the business entity . It includes cash payments…

Q: Morgan Manufacturing is preparing its cash budget for the second quarter. The following amounts are…

A: Ans. Cash budget is prepared on the basis of the customary practice of the business. In the given…

Q: Morgan Manufacturing is preparing its cash budget for the second quarter. The following amounts are…

A: Formula: June month purchases = Total June purchases x 20 %

Q: Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next…

A: Desired ending inventory of raw materials for February = Budgeted production for March x raw…

Q: Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: Cash CollectionCash collection are the combination of current month’s cash sales and the credit…

Q: Ruiz Company provides the following budgeted sales for the next four months. The company wants to…

A: The production budget is prepared to estimate the number of units to be produced during the period.

Q: Fedor, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM…

A: Total payments made in October = (40%*October purchases) + (50%*September purchases) + (10%*August…

Q: Harrti Corporation has budgeted for the following sales: July August September $446,200 $581,200…

A:

Q: 0,000 Selling and administrative expenses 41,400 46,400 Capital additions 250,000 -- The company…

A: Cash Budget: During the period, a cash budget is a budget or plan of anticipated cash receipts and…

Q: Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: Cash Collections:Cash collections: It refer to the amount of cash collected from the customers on…

Q: A company has budgeted direct materials purchases of $360000 in July and $520000 in August. Past…

A: The budgeted cash disbursements for August $ 743,000

Q: Zisk Company purchases direct materials on credit. Budgeted purchases are April, $89,000; May,…

A: A cash budget is used to estimate the revenue and expenses on the basis of previous results or…

Q: Sunland Company's direct materials budget shows total cost of direct materials purchases for January…

A: budgeted cash payments refer to the amount that is estimated by the company to be paid out by it in…

Q: Fiscal Company has the following sales budget for the last six months o 20X5: July August September…

A: The cash collection schedule is prepared to record the cash collected during the period.

Q: Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: Cash collections refer to the amount of cash collected from the customers on sales and from the…

Q: The following information is budgeted for McCracken Plumbing Supply Company for next quarter: April…

A: A cash budget is the estimation of the cash flows for a business over a specified period of time.

Q: Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: Cash collection is the accounts receivable function. It is defined as the cash recovery from the…

Q: Nyree Company is preparing its budget for the third quarter. The cash balance on June 30 was…

A: The Cash Balance in the cash budget for July will be calculated by adding the budgeted cash receipts…

Q: Assume the following budgeted information for a merchandising company:   Budgeted sales (all on…

A: Net operating income can be computed by, =Gross profit - Selling and administration expenses…

Q: The budgeted sales of Kelley, SA for the given months are as follows:   Cash Sales Credit Sales…

A: Accounts receivable is the amount that has been earned by the company but the amount has not been…

Q: Castor Incorporated is preparing its master budget. Budgeted sales and cash payments for merchandise…

A: The cash budget is prepared to record cash receipts and cash payments made during the period.

Q: Crane Company’s direct materials budget shows total cost of direct materials purchases for April…

A: Cash budget meaningA cash budget is an estimation of the cash inflows and surges for a business over…

Q: Harrti Corporation has budgeted for the following sales: $446,800 $581,800 $615,900 $890,900…

A: Accounts receivable is the account shown in a balance sheet that represents the amount that is…

Q: Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: Formula: Cash sales = Total sales x cash sales percentage Multiplying total sales with cash sales…

Q: Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: Here in the given question the budget has been prepared related to the cells and data related to the…

Q: Preparing a financial budget—schedule of cash payments Barnes Company budgeted direct materials…

A: Purchases in January = $ 191990 In February = $ 138610

Q: Kingston budgets total sales for June and July of $430,000 and $338,000, respectively. Cash sales…

A: The amount which is not received till july 31 is written as uncollected. Given that, Total sales in…

Q: Orion Corporation is preparing a cash budget for the six months beginning January 1. Shown below are…

A: Accounts receivables can be defined as the payment which is yet to be received by the business in…

Q: Warshaw Company budgets payroll at $3,500 per month plus a percentage of monthly sales. The June…

A: The budget is prepared to estimated the requirements of future.

Q: Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: The cash colection for November would comprise of three collectionsa) Cash collection from cash…

Q: Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month…

A: Cash collection in July: 35% of sales of July 45% of sales of June 20% of sales of May

Q: General Electric Company had cash of $14,000 on hand on January 1. During the year, the company…

A: Budget: The budget is an effective way of the utilization of funds and estimation of every…

Q: Kingston budgets total sales for June and July of $470,000 and $348,000, respectively. Cash sales…

A: Cash sales = Total sales x cash sales % Credit sales = Total sales - Cash sales

Q: Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: Introduction: The cash collection cycle is the number of days it helps to pay accounts receivable.…

Q: Prepare a budgeted balance sheet at March 31 using the following information from Zimmer Company. a.…

A: Balance sheet (BS) of a company or organization refers to part of financial statement which provides…

Q: The treasurer of Unisyms Company has accumulated the following budget information for the first two…

A: The cash budget is prepared to record cash receipts and cash payments during the period and estimate…

Q: Sheridan Company's direct materials budget shows direct materials purchases for January $300000,…

A: Budget: A budget is an estimation to determine the income that will be earned and expenses that will…

Cash budget

A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future. If cash receipts are insufficient to cover future expenses, an organization may plan to obtain funds from other sources. After estimating the sales, purchase, and capital expenditure budgets for the year, management develops a cash budget. These budgets are created to ensure that an organization's cash flow is managed. It is important to note that only cash transactions are recorded when actual cash enters and exits an organization.