amounts.5. Pink Martini Corporation is projecting a cash balance of $31,000 in its December 31, 2009, balance sheet. Pink Martini's schedule of expected collections from customers for the first quarter of 2010 shows total collections of $180,000. The schedule of expected payments for direct materials for the first quarter of 2010 shows total payments of $41,000. Other information gathered for the first quarter of 2010 is: sale of equipment $3,500; direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $12,000. Pink Martini wants to maintain a balance of at least $25,000 cash at the end of each quarter. Instruetions Prepare a cash budget for the first quarter.

amounts.5. Pink Martini Corporation is projecting a cash balance of $31,000 in its December 31, 2009, balance sheet. Pink Martini's schedule of expected collections from customers for the first quarter of 2010 shows total collections of $180,000. The schedule of expected payments for direct materials for the first quarter of 2010 shows total payments of $41,000. Other information gathered for the first quarter of 2010 is: sale of equipment $3,500; direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $12,000. Pink Martini wants to maintain a balance of at least $25,000 cash at the end of each quarter. Instruetions Prepare a cash budget for the first quarter.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.16E

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Question

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Answer question no 5. answer asap

4. NIU Company has the following information available for September 2010.
Unit selling price of video game consoles
Unit variable costs
$ 400
$ 270
S52,000
Total fixed costs
Units sold
620
Instructions
(a) Prepare a CVP income statement that shows both total and per unit amounts.
(b) Compute NIU's breakeven point in units.
(c) Prepare a CVP income statement for the breakeven point that shows both total and per unit
amounts.5. Pink Martini Corporation is projecting a cash balance of $31,000 in its December 31, 2009,
balance sheet. Pink Martini's schedule of expected collections from customers for the first quarter of
2010 shows total collections of $180,000. The schedule of expected payments for direct materials for
the first quarter of 2010 shows total payments of $41,000. Other information gathered for the first
quarter of 2010 is: sale of equipment $3,500; direct labor $70,000, manufacturing overhead $35,000,
selling and administrative expenses $45,000; and purchase of securities $12,000. Pink Martini wants to
maintain a balance of at least $25,000 cash at the end of each quarter.
Instructions
Prepare a cash budget for the first quarter.

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