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Cash Budgeting

Highline: Cash Budgeting

Highline Hospital provides a wide range of health services in its community. Highline's board of directors has authorized the following capital expenditures that are planned for October 1, 2009: Intra-aortic pump $1,400,000 Computed tomographic scanner 850,000 X-ray Equipment 550,000 Laboratory equipment

Cash Budgeting: Sales Forecast

Jensen Corporation has the following sales forecasts for the selected three month period in 2011. Month: Sales: July $24,000 August $14,000 September $16,000 Seventy percent of sales are collected in the month of the sale, and the remainder are collected in th

Cash budgeting

Grace Jones, the recently hired treasurer of Toy World, Inc., a manufacturer of speciality toys, was summoned to the office of Dan Culbreth, the president and chief executive officer. When she got to Dan's office, Grace found him shuffling through a set of worksheets. He told her that because of a recent tightening of credit

Cash budget

Chadmark Corporation's budgeted monthly sales are $3,000. 40 percent of its customers pay in the first month and take 2 percent discount. The remaining 60 percent pay in the month following the sale and don't receive a discount. Chadmark's bad debts are very small and are excluded from this analysis. Purchases for next months sa

Managerial Accounting

I need help with these practice problems. See attachments. Cottonwook Hospital, Topline Surf Boards, Helix Company, Vitalite Inc., Phototec Inc., Cravat Sales Company, variances, cash budgeting, direct material, direct labor, variable manufacturing overhead.

Prepare a Pro Forma Income Statement

1. Prepare a Pro Forma Income Statement Net Sales =2,938 COGS=1,598 SG&A=475 Depreciation=45 Interest Exp=32 Tax=15% Net Sales Cost Of Goods Sold Gross Profit Selling & Admin Exp Depreciation Interest Exp Income Before Taxes Income Taxes Net Profit 2. In a fixed cash budget, cash flow estimates are made for a si

Developing a Cash Budget

The sales budget for your company in the coming year is based on a 20 percent quarterly growth rate with the first-quarter sales projection at $100 million. In addition to this basic trend, the seasonal adjustments for the four quarters are 0, -$10, -$5, and $15 million, respectively. Generally, 50 percent of the sales can b

Revenue to budget variance analysis

Please see attached file. I am having a little trouble understanding this concept of Revenue Variance Analysis. Determine the revenue variance from Arcadia Hospital's 2005 budget. Address the following: Is the variance positive or negative? Which is desirable, a positive or negative variance? Why? What do you think are

Cash Budget Analysis missing data

A cash budget, by quarter, is given below for a retail company. The company requires a minimum cash balance of at least $5,000 to start each quarter. Required: Fill in the missing amounts in the table below: QUARTER 1 2

Budgeting Cash Collections

I sell a product which I purchased for $20 for $30. Budgeted sales in total dollars for next year are $720,000. The sales information are the follow: Month Sales Revenue May $30,000 June $42,000 July $48,000 August $60,000 My account balances at July 1 include: Cash $15,000 Merchandise Inventory $16,000

Schedule of expected cash collections/purchses budget

14. Caprice Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: -Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January. -Collections are expected to be 80% in the month of sale, 16% in the month following the sale, and 4% uncollectible. -The c

Cash budget

The Kenanga Company, a merchandising firm, has planned the following sales for the next four months: March April May June Total budgeted sales $50,000 $70,000 $90,000 $60,000 Sales are made 40% for cash and 60% on account. From experience, the company has learned that a month's sales on ac

Calculating the Cash Budget for Cornell, Inc.

Calculating the Cash Budget Here are some important figures from the budget of Cornell, Inc., for the second quarter of 2007: April May June Credit sales $380,000 $396,000 $438,000 Credit purchases 147,000 175,500 200,500 Cash disbursements Wages, taxes, and

Calculations with Expected Cash Collection

Practice Problem 29 The forecasted sales pertain to Risco, Inc.: Month Sales January $400,000 February 500,000 March 300,000 April 200,000 Collection pattern: 50 percent in month of sale 50 percent in month following the sale Accounts Receivable (December 31) $70,000 Finished Goods Inventory (December

Schedule of Expected Cash Collections and Cash Budget

See attached file. PROBLEM 9-14 Schedule of Expected Cash Collections; Cash Budget [L02, LOS] Jodi Horton, president of the retailer Crestline 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 in support

Cash Budget Analysis: Complete the table of missing amounts

Cash Budget Analysis [lOS] A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $5,000 to start each quarter. *required: Fill in the missing amounts in the table. *NOTE: Please see attachment for the table.

Schedule of Expected Cash Collections; Cash Budget

Jodi Horton, president of the retailer Crestline 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 in support of peak April sales. Since the company has had some difficulty in paying off its loans in the past, the

Operating budget and a cash budget

What information is needed in order to prepare a cash budget? What is the relationship between an operating budget and a cash budget? Why is it important for an organization to prepare a cash budget?

Cash Budget for Finance Samples

Chap 4 # 24 and 25 complete cash budget Archer electronics company's actual sales and purchases for April and may are show here along with forecasted sales and purchases for june through September. Sales Purchases April(actual) 320,000

WACO Co. - Preparation of a Cash Budget

Preparation of a cash budget Use the following information to prepare the July cash budget for the WACO Co. It should show expected cash receipts and cash disbursements for the month and the cash balance expected on July 31. a. beginning cash balance on July 1: $50,000 b. cash receipts from sales: 30% is collected in the

Cash Budget Analysis for a Retail Company

Please see the attached file for the full question. A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $5,000 to start each quarter.

Cash Budget

Cash budget) The Sharpe Corporation's projected sales for the first eight months of 2004 are as follows: January $90,000 May $300,000 February 120,000 June 270,000 March 135,000 July 225,000 April 240,000 August 150,000 Of Sharpe's sales, 10 percent is for cash, another 60 percent is collected in the m

Loblaw Manufacturing: Create a cash budget with Financial Analysis

Loblaw Manufacturing has asked you to create a cash budget in order to determine its borrowing needs over August to December period. You have gathered the following information. Month Sales Other Payments August 160,000 80,000 September 110,000 65,000 October 95,000 60,000 November 84,000 45,000 December 76,000 48,000 J

Glover: Compute budgeted cash collections and disbursements for Company A, B & C CASH BUDGET Company A Company B Company C Beginning cash balance $100 $300 $700 Cash collections ? 400 ? Cash disbursements 500

Forecasting and Valuing Cash Flows.

Please see attached document (2-6) Forecasting and Valuing Cash Flows 2-6) CT Computers is considering whether or not to begin offering customers the option to have their old personal computers recycled when they purchase a recycling system. The recycling system would require that CT invest $600,000 to purchase grinder and

What is a cash budget?

1. What is a cash budget? a. Detailed plan of future cash flows b. A budget that shows only what cash comes in c. A historical look at cash flows d. A report that analyzes the cash account e. A report that analyzes the accounts receivable 2. What is the key in

Cash Budget

4-6A. (Cash budget) The Sharpe Corporation's projected sales for the first eight months of 2004 are as follows: January $ 90,000 May $300,000 February 120,000 June 270,000 March 135,000 July 225,000 April 240,000 August 150,000 Of Sharpe's sales, 10 percent is for cash, another 60 percent is collected in the month follow