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# Cash Budgeting

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### Financial Statements

Please see the attached file. Results of operation for the 4th quarter 07: Sale of product 400,000 Less variable cost of goods sold 225,000 Contribution margin 175,000 Less fixed production costs 65,000 Less fixed selling & admin exp. 27,000 92,000 Income before taxes 83,000 Less taxes on incom

### Calculate the balance of the company loan at June 30.

A company has \$15,000 cash at the beginning of June and anticipates \$50,000 in cash receipts and \$34,500 in cash disbursements. Company requires a minimum cash balance of \$10,000 and maintains no more than \$20,000 on hand. Any excess cash over the maximum is used to pay down debts. The firm has an agreement with its bank to borr

### Capes Corporation: Cash flow budget and Merchandise purchase budget

Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: - Sales are budgeted at \$390,000 for November, \$360,000 for December, and \$340,000 for January. - Collections are expected to be 85% in the month of sale, 10% in the month following the sale, and 5% uncollectible. - Th

### Sharpe Corporation Sales Projection and Cash Budget

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

### Prepare a Cash Budget for J Car & Sons Company

How do I prepare a cash budget? Also, I'd like to demonstrate if the company meets their minimum cash requirement of \$10,000. ------- J. Car & Sons Company has gathered the following information: April 30 ending cash balance \$25,000 Dividends paid in May \$12,000 Cash expenditures in May for operating expens

### Finance: Cash Budgeting for West Valley Mem Hospital

Cash Budgeting?Hospital The management of West Valley Memorial Hospital needs to prepare a cash budget for July 2006. The following information is available: a. The cash balance on July 1, 2006, is \$236,000. b. Actual services performed during May and June and projected services for July are: May June July Cash services (b

### Preparing the Master Budget for Colombo Industries

Please see the attached file. Columbo Industries Limited manufactures a single model trench coat sold throughout Canada. Projected Sales in units for the first five months of the 2004/05 financial year are as follows... July 35,000 August 20,000 September 15,000 October 8,000 November 6,000 The following informatio

### Budget Improvement

I need, in your opinion, 9-11 or so ways that the budgeting processes in a manufacturing or merchandising company (any company really) can be improved either by direct material purchases, direct labor, manufacturing overhead, and operating expenses (more so on the operating expenses side). I am not looking for a "how-to" bud

### Operating budget versus a cash budget

1. What is the relationship between an operating budget, and a cash budget? 2. Is positive cash flow the same thing as net income? Why or why not?

### Cash Budgeting

How does the timing of cash receipts and disbursements affect cash budgeting? Is it possible for an organization to be profitable and run out of cash? How?

### Sales for July, August, and September are expected to be \$100,000, \$90,000, and \$110,000, respectively, for Belluci Company.

Sales for July, August, and September are expected to be \$100,000, \$90,000, and \$110,000, respectively, for Belluci Company. All sales are on account (terms 2/15, net 30 days) and are collected 50 percent in the month of the sale and 50 percent in the following month. One-half of all sales discounts are taken on the average.

### Cyrus Brown Manufacturing: Monthly Cash Budget

To avoid any uncertainty regarding his business' financing needs at the time when such needs may arise, Cyrus Brown wants to develop a Cash Budget for his latest venture - Cyrus Brown Manufacturing (CBM). He has estimated the following sales forecast for CBM over the next nine months: March 2004 \$250,000 April \$275,000

### Cash Budget - April, May, June

Credit Sales April May June 160,000 140,000 192,000 Credit Purchases 68,000 64,000 80,000 Cash Disbursements 8,000 7,000 8,400 Interest 3,000 3,000

### Cash Budgeting - Requesting a Line of Credit

Helen is planning to request a line of credit from her bank. She has estimated the following sales forecasts for the firm for parts of 2003 and 2004: May 2003 \$180,000 June 180,000 July 360,000 August 540,000 September 720,000 October 360,000 November 360,000 December 90,000 January 2004 180,000

### Cash Budgets and Operating Budgets

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?

### Midwest Distributing Company - Merchandising Transactions

See the attached file. Midwest Distributing Company completed these merchandising transactions in the month of April. At the beginning of April, the ledger of Midwest showed Cash of \$9,000 and Common Stock of \$9,000. April. 2 Purchased merchandise on account from Kane Supply Co. \$6,300, terms 2/10, n/30. 4 Sold merchandi

### Cash Budget and Bank Debt

Given the details below, do the following: a. Construct a cash budget for Lawrence b. Tell me what is the largest amount of bank debt needed and when is it needed. Circle them in the initial use case on the borrowing line of the matrix c. What is the largest amount of surplus cash flow generated by Lawrence and when does i

### Capital Budgeting: The Trout Corporation is a manufacturer of building materials located in Dennison, Texas.

The Trout Corporation is a manufacturer of building materials located in Dennison, Texas. Trout is currently planning to begin producing aluminum siding in a vacant manufacturing facility on the North side of Dennison. Although the vacant facility has no conceivable alternative use, it is carried on Trout's books at its historic

### Cash Budgeting for a National Charity

Part 1: Managers have to plan for the future. Assume your firm is a small to midsize not-for-profit organization and that you rely on the percent of sales method of forecasting. What if any are the short comings of this forecasting technique? Why would a cash budget be of particular importance to a firm that experiences seaso

### Units Purchased & Income Statement

Master budget, Adams Company, a merchandising firm that sells one product, estimates it will sell 12,000 units of its product at \$60 per unit in December. The company has prepared other information to prepare a budget for December, as shown here: Merchandise inventory, December 1 2,000 units Desired merchandise inv

### Cash Budgeting Manufacturing Company

Hare Manufacturing Company makes wax for automobiles. As part of overall planning, a cash budget is prepared quarterly each year. You have been asked to assist in preparing the cash budget for the fourth quarter of the company's fiscal year. The following information is available: a. Sales Third Quarter (actual).......

### The management of West Valley Memorial Hospital needs to prepare a cash budget for July 2006

Cash budgeting see attached. Cash Budgeting?Hospital The management of West Valley Memorial Hospital needs to prepare a cash budget for July 2006. The following information is available: a. The cash balance on July 1, 2006, is \$236,000. b. Actual services performed during May and June and projected services for July are:

### VitaPup produces a vitamin-enhanced dog food that is sold in Kansas.

I really need help solving these practice exercises, please let me know if you can help. Exercise #1 VitaPup produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales to be 12,600 bags in January, 14,500 bags in February, 19,000 bags in March, and 21,500 bags in April. There are 1,260 bags on h

### Cash Budget - Sharpe Corporation

Please see the attached document. (Cash budget) The Sharpe Corporation's projected sales for the first eight months of 2004 are as follows: January \$ 90,000 February 120,000 March 135,000 April 240,000 May \$300,000 June 270,000 July 225,000 August 150,000 Of Sharpe's sales, 10 percent is for cash, anoth

### Riordan Manufacturing: Planning and Budgeting

Research Riordan Manufacturing and prepare a 1,050-1,400-word paper addressing the following topics: 1) Explain the importance of strategic planning in maximizing shareholder wealth. 2) Using the Economic Forecast on the Finance and Accounting intranet, demonstrate how forecasting has been used in the budgeting process for

### West Valley Memorial Hospital

The management of West Valley Memorial Hospital needs to prepare a cash budget for July 2006. The following information is available: a. The cash balance on July 1st is \$236,000. b. Actual services performed during May and June and projected services for July are: Cash services (bills paid by individuals): May: \$110,0

### Daniel Chu Ltd

Please answer the attached question.

### Budgeted Sales and Purchases

Please help me with the following: Bell Company reports sales on credit and pays operating costs in the month incurred. Amounts for 2007 are: March April May June July BUDGET.SALES \$300,000 \$290,000 \$320,000 \$280,000 \$210,000 BUDGET.PURCH. 144,000 \$120,000 \$128,000

### Flex versus Fixed

Explain how a fixed cash budget differs from a variable or flexible cash budget.

### Prepare Cash Budget - Ace Traders

Good Day, Please assist with the attached question. Regards The following information pertains to Ace Traders for the three months ended 31 May 2007. Actual March Budgeted April May R R R Sales (20% for cash and 80% on credit) 360 000 380 000 400 000 Purchases (10% for cash and 90% on credit) 240 000 280 00