How do I solve the chart? gnment iSalesCash receipts fromCash salesCollections of prior period salesTotal cash receiptsMaterials purchasesCash payments forCurrent period purchasesPrior period purchasesTotal cash paymentsBeginning cash balanceTotal cash availableLess: Cash payments for:230³F2W#3Schedule of Cash ReceiptsAprilSchedule of Cash Payments for Direct MaterialsAprilMay20F3E$$$4$492,000 $$Cash Budget198,000 $April0 $QR0 $67 5⁰%May468,000 $5201,500 $May0 $ŲF5A0 $TJune480,000JuneJuneSaved182,000Prev<6001 of 1F6Y7&7Next >F7* 00U8DIIF89DF9 es:0F1CashAccounts receivableRaw materials inventoryFinished goods inventoryEquipmentLess: Accumulated depreciationTotal assetsAssetsCommon stockRetained earningsTotal liabilities and equityTo prepare a master budget for April, May, and June, management gathers the following information.2F2WS#$ 600,000150,0003a. Sales for March total 20,500 units. Budgeted sales in units follow: April, 20,500; May, 19,500; June, 20,000; and July, 20,500. Theproduct's selling price is $24.00 per unit and its total product cost is $19.85 per unit.b. Raw materials inventory consists solely of direct materials that cost $20 per pound. Company policy calls for a given month's endingmaterials inventory to equal 50% of the next month's direct materials requirements. The March 31 raw materials inventory is 4,925pounds. The budgeted June 30 ending raw materials inventory is 4,000 pounds. Each finished unit requires 0.50 pound of directmaterials.80F3Ec. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's budgeted unit sales.The March 31 finished goods inventory is 16,400 units.d. Each finished unit requires 0.50 hour of direct labor at a rate of $15 per hour.DZIGBY MANUFACTURINGBalance SheetMarch 31e. The predetermined variable overhead rate is $2.70 per direct labor hour. Depreciation of $20,000 per month is the only fixedfactory overhead item.f. Sales commissions of 8% of sales are paid in the month of the sales. The sales manager's monthly salary is $3,000.g. Monthly general and administrative expenses include $12,000 for administrative salaries and 0.9% monthly interest on the long-term note payable.h. The company budgets 30% of sales to be for cash and the remaining 70% on credit. Credit sales are collected in full in the monthfollowing the sale (no credit sales are collected in the month of sale).$i. All raw materials purchases are on credit, and accounts payable are solely tied to raw materials purchases. Raw materialspurchases are fully paid in the next month (none are paid in the month of purchase).j. The minimum ending cash balance for all months is $40,000. If necessary, the company borrows enough cash using a loan to reachthe minimum. Loans require an interest payment of 1% at each month-end (before any repayment). If the month-end preliminarycash balance exceeds the minimum, the excess will be used to repay any loans.k. Dividends of $10,000 are budgeted to be declared and paid in May.41. No cash payments for income taxes are budgeted in the second calendar quarter. Income tax will be assessed at 35% in the quarterand budgeted to be paid in the third calendar quarter.m. Equipment purchases of $100,000 are budgeted for the last day of June.$ 40,000 Liabilities344,40098,500325,540450,000$ 1,258,440F4RLLEquity%Accounts payableLoan payableLong-term note payable5Liabilities and Equity오F5TGPrev6F61 of 1Y$ 201,00012,000500,000&7335,000210,440Next >F7U$ 713,000545,440$ 1,258,440* 008DIIF819zF9H J K00F15

The business organization prepares the cash budget so as to determine whether it has enough cash to…

Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Equipment Less: Accumulated depreciation Total assets $ 40,000 Liabilities 344,400 98,500 325,540 450,000 Common stock Retained earnings $ 1,258,440 Total liabilities and equity To prepare a master budget for April, May, and June, management gathers the following information. ZIGBY MANUFACTURING Balance Sheet March 31 $ 600,000 150,000 Liabilities and Equity Accounts payable Loan payable Long-term note payable. Equity $ 201,000 12,000 500,000 335,000 210,440 $ 713,000 545,440 $ 1,258,440 a. Sales for March total 20,500 units. Budgeted sales in units follow: April, 20,500; May, 19,500; June, 20,000; and July, 20,500. The product's selling price is $24.00 per unit and its total product cost is $19.85 per unit. b. Raw materials inventory consists solely of direct materials that cost $20 per pound. Company policy calls for a given month's ending materials inventory to equal 50% of the next month's direct materials requirements. The March 31 raw materials inventory is 4,925 pounds. The budgeted June 30 ending raw materials inventory is 4,000 pounds. Each finished unit requires 0.50 pound of direct materials. c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's budgeted unit sales. The March 31 finished goods inventory is 16,400 units. d. Each finished unit requires 0.50 hour of direct labor at a rate of $15 per hour. e. The predetermined variable overhead rate is $2.70 per direct labor hour. Depreciation of $20,000 per month is the only fixed factory overhead item. f. Sales commissions of 8% of sales are paid in the month of the sales. The sales manager's monthly salary is $3,000. g. Monthly general and administrative expenses include $12,000 for administrative salaries and 0.9% monthly interest on the long- term note payable. h. The company budgets 30% of sales to be for cash and the remaining 70% on credit. Credit sales are collected in full in the month following the sale (no credit sales are collected in the month of sale). i. All raw materials purchases are on credit, and accounts payable are solely tied to raw materials purchases. Raw materials purchases are fully paid in the next month (none are paid in the month of purchase). j. The minimum ending cash balance for all months is $40,000. If necessary, the company borrows enough cash using a loan to reach the minimum. Loans require an interest payment of 1% at each month-end (before any repayment). If the month-end preliminary cash balance exceeds the minimum, the excess will be used to repay any loans. k. Dividends of $10,000 are budgeted to be declared and paid in May. I. No cash payments for income taxes are budgeted in the second calendar quarter. Income tax will be assessed at 35% in the quarter and budgeted to be paid in the third calendar quarter. m. Equipment purchases of $100,000 are budgeted for the last day of June.