Directions. Read and analyse the given data. Answer the questions below on a separatesheet of paper.The January 31. 202x Statement of Financial Position of Shelpat Corporation follows:Cash8,000Accounts receivable (net of allowance for uncollectibleAccounts of P2,000)38,00016,000InventoryProperty, plant and equipment (net of allowance forAccumulated depreciation of P60,000)40 000P. 102,000Total AssetsAdditional information:• Sales are budgeted as follows:FebruaryP110,000120 000March• Collections are expected to be 60% in the month of sale. 38% the nextmonth and 2 % uncollectible.• The gross margin is 25% of sales. Purchases each month are 75% of thenext month's projected sales. The purchases are paid in full the followingmonth.• Other expenses for each month, paid in cash, are expected to be P16,500.Depreciation each month is P5,000.1. What are the budgeted cash collections for February 202x?P101,800P104,000P63,800P66,000a.с.b.d.2. What is the pro-forma income (loss) before income taxes for February 202x?P(3,700)P(1,500)P3,800P6,000а.с.b.d.

Jan Financial information Cash 8,000 Account receivable 40,000…

Answered: 1. What are the budgeted cash…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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4 80152:10 Mc Graw Hill Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. a. Beginning cash balance on June 1, $94,700. b. Cash receipts from sales, $416,500. c. Budgeted cash payments for purchases, $271,500. d. Budgeted cash payments for salaries, $95,700. e. Other budgeted cash expenses, $57,700. f. Cash repayment of bank loan, $32,700. g. Budgeted depreciation expense, $34,700. Multiple Choice $53,600. $18,900. $86,300. Q Search
Master P Companies CASH BUDGET Company A Company B Company C Beginning cash balance P100 P300 P700 Cash collections ? 400 ? Cash disbursements 500 ? 600 Cash excess (shortage) ? ? 400 Borrowing (repayments) 300 100 Ending cash 200 200 100 1. Refer to Master P Companies. For Company A, what are the budgeted cash collections? 2. Refer to Master P Companies. For Company B, what are the budgeted cash disbursements? 3. Refer to Master P Companies. For Company C, what are the budgeted cash collections?
The general ledger of the County of Konstantin contains the following selected account balances: $91400 $35600 $16500 $5700 Appropriations Outstanding Encumbrances Expenditures Vouchers Payable Konstantin wants to order additional goods and services before the fiscal year end. What is the unencumbered balance (i.e., the remaining authority) of the budget that may be expended by Konstantin? BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000.
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REQUIRED Use the information provided below to prepare the following for March and April 2024: 4.1 Debtors Collection Schedule 4.2 Cash Budget INFORMATION The following information was provided by BN Traders: 1. The bank balance on 28 February 2024 is expected to be R100 000 (unfavourable). The sales figures for the first four months of 2024 are expected to be as follows: 2 January March R1 500 000 R1 000 000 3. 4. 4.1 4.2 5. 6. 7. 8. 9. February R1 100 000 Cash sales usually make up 30% of the total sales. The balance of the sales is on credit. (Separate entries are required for cash sales and collections from credit sales.) Credit sales are normally collected as follows: 30% in the month of the sale, and these debtors are entitled to a 3% discount 65% in the month after the sale The rest is usually written off as bad debts. Purchases from February to April 2024 are expected to be as follows: February March R320 000 R350 000 Cash purchases Credit purchases April R1 200 000 R360 000…
am. 119.
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4
It is the beginning of the year and the following information applies, concerning the preparation of the budgets: Budgeted 2023 Feb € Sales Admin expenses ▪ ▪ . Actual 2022 Dec € Nov € 74200 4800 79800 5300 Jan € 78400 4500 98000 4600 March € 109200 4200 Depreciation of 1000€ is included in Admin Expenses 1% of sales are never collected. Experience has shown that if an amount is not collected within 3 months, then it is in fact never collected. Bad Debts are written off during the year. 60% of the sales collected, are collected in the month of sale, 30% in the month following sale and the balance in the 2nd month after the sale. Cost of sales consists only of purchases. The company has a 40% mark-up on cost policy. 30% of sales are bought in the month of sale and the balance is bought in the month previous to the sale. Assume this has always been strictly adhered to with no left over inventory other than that planned above. 20% of purchases are paid within 60 days and the balance is…
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1. What are the budgeted cash collections for February 202x? P101,800 P63,800 P66,000 a. с. b. d. P104,000 2. What is the pro-forma income (loss) before income taxes for February 202x? P(3,700) P(1,500) P3,800 P6,000 а. C. b. d.