* CengageNOWv2 | Online teachin X b Home | bartlebyC What Is The Orbital Period (in S) XA v2.cengagenow.com/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseM GmailOYouTube MapsBlackboardHW #10 - Chpt 22еBookShow Me HowE Print ItemPersonal BudgetAt the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash onDecember 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:Cash balance, September 1 (from a summer job)$7,540Purchase season football tickets in September100Additional entertainment for each month260Pay fall semester tuition in September4,100Pay rent at the beginning of each month360Pay for food each month200Pay apartment deposit on September 2 (to be returned December 15)500Part-time job earnings each month (net of taxes)930>a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.KATHERINE MALLOYCash BudgetFor the Four Months Ending December 31September October November DecemberEstimated cash receipts from:Part-time jobDepositTotal cash receiptsF-timated ---h naumante for76°F7:20 PMWA O ENGSunny4/23/2022 * CengageNOWv2 | Online teachin X b Home | bartlebyC What Is The Orbital Period (in S) x +A v2.cengagenow.com/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseM GmailOYouTube MapsBlackboardHW #10 - Chpt 22O eBookI Show Me HowE Print Itema. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.KATHERINE MALLOYCash BudgetFor the Four Months Ending December 31September October November DecemberEstimated cash receipts from:Part-time jobDepositTotal cash receiptsEstimated cash payments for:Season football ticketsAdditional entertainment>TuitionRentFoodDepositTotal cash paymentsOverall cash increase (decrease)Cash balance at beginning of monthCash balance at end of month76°F7:20 PMWA O ENGSunny4/23/2022

Introduction:- A cash budget shows estimation of cash inflows and outflows over a specific period of…

Answered: a. Prepare a cash budget for September,…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Cash Receipts Budget and Accounts Receivable Aging Schedule Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted the following sales: Quarter 1 $4,760,000 Quarter 2 5,620,000 Quarter 3 3,060,000 Quarter 4 7,720,000 In Shalimar's experience, 10 percent of sales are paid in cash. Of the sales on account, 65 percent are collected in the quarter of sale, 25 percent are collected in the quarter following the sale, and 7 percent are collected in the second quarter after the sale. The remaining 3 percent are never collected. Total sales for the third quarter of the current year are $5,310,000 and for the fourth quarter of the current year are $7,350,000. Required: 1. Calculate cash sales and credit sales expected in the last two quarters of the current year, and in each quarter of next year. Quarter Cash Sales Credit Sales 3, current year 4, current year 1, next year 2, next year 3. next vear 4, next year 2. Construct a cash receipts budget for…
Please provide complete and correct answer for both requirements and show all work like explanation , computation , formula with steps. Answer in text. Million thanks !
Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: • Sales are budgeted at $350,000 for November, $370,000 for December, and $360,000 for January. • Collections are expected to be 80% in the month of sale and 20% in the month following the sale. • The cost of goods sold is 69% of sales. • The company desires an ending merchandise inventory equal to 80% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. • Other monthly expenses to be paid in cash are $20,100. Monthly depreciation is $19,900. Ignore taxes. Balance Sheet October 31 Assets Cash $ 20,900 81,900 Accounts receivable Merchandise inventory 193,200 Property, plant and equipment (net of $585,000 accumulated depreciation) 995,000 Total assets $1,291,000 Liabilities and Stockholders' Equity Accounts payable $ 194,900 500,000 596,100 Common stock Retained earnings Total…

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a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign. KATHERINE MALLOY