Beginning cash balanceAdd: Cash receiptsTotal cash availableLess: Cash payments forInterest on loanAll items excluding interestTotal cash paymentsPreliminary cash balanceLoan activityAdditional loan (loan repayment)Ending cash balanceLoan balance - Beginning of monthAdditional loan (loan repayment)Loan balance, end of monthAnswer is not complete.KAYAK COMPANYCash Budget$JanuaryFebruary30,000 $ 30,000 $523,000401,000553,000431,000$600463,200463,80089,200(59,200)$Loan balance$30,000 $60,000 $8341,200341,20889,792(59,200)(59,792) ►800(59,792)800 $ 58,99230,000 $$March30,000 X471,000501,0000533,000533,00031,700 X1,700 X30,00058,9921,700

Name: Beginning cash balanceAdd: Cash receiptsTotal cash availableLess: Cas
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Beginning cash balanceAdd: Cash receiptsTotal cash availableLess: Cash payments forInterest on loanAll items excluding interestTotal cash paymentsPreliminary cash balanceLoan activityAdditional loan (loan repayment)Ending cash balanceLoan balance -

Cash Budget is prepared to estimate the cash requirement in the future period(s).It helps in…

Business

Accounting

Beginning cash balance Add: Cash receipts Total cash available Less: Cash payments for Interest on loan All items excluding interest Total cash payments Preliminary cash balance Loan activity Additional loan (loan repayment) Ending cash balance Loan balance - Beginning of month Additional loan (loan repayment) Loan balance, end of month KAYAK COMPANY Cash Budget January $ 30,000 523,000 553,000 $ 600 463,200 463,800 89,200 (59,200) $ Loan balance $ 30,000 $ February $ 30,000 $ 401,000 431,000 60,000 $ (59,200) 8 341,200 341,208 89,792 (59,792) ► 30,000 $ 800 $ (59,792) 800 $ 58,992 X March 30,000 X 471,000 501,000 0 533,000 533,000 31,700 X 1,700 X 30,000 58,992 1,700

Beginning cash balance Add: Cash receipts Total cash available Less: Cash payments for Interest on loan All items excluding interest Total cash payments Preliminary cash balance Loan activity Additional loan (loan repayment) Ending cash balance Loan balance - Beginning of month Additional loan (loan repayment) Loan balance, end of month KAYAK COMPANY Cash Budget January $ 30,000 523,000 553,000 $ 600 463,200 463,800 89,200 (59,200) $ Loan balance $ 30,000 $ February $ 30,000 $ 401,000 431,000 60,000 $ (59,200) 8 341,200 341,208 89,792 (59,792) ► 30,000 $ 800 $ (59,792) 800 $ 58,992 X March 30,000 X 471,000 501,000 0 533,000 533,000 31,700 X 1,700 X 30,000 58,992 1,700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Do not give answer in image formate
Please don't give image format
Kat Ltd.'s September balance sheet contains the following information: Cash Accounts receivable. Allowance for doubtful accounts Merchandise inventory $ 37,500 (dr) 126,000 (dr) 2,800 (cr) 26,250 (dr) Management has designated $37,500 as the firm's minimum monthly cash balance. Other information about the firm and its operations is as follows: a. Sales revenues of $350,000, $420,000, and $312,500 are expected for October, November, and December, respectively. All goods are sold on account. b. The collection pattern for accounts receivable is 60% in the month of sale, 39% in the month following the month of sale, and 1% uncollectible, which is set up as an allowance. c. Cost of goods sold is 60% of sales revenues. d. Management's target ending balance of merchandise inventory is 10% of the current month's budgeted cost of goods sold. e. All accounts payable for inventory are paid in the month of purchase. f. Other monthly expenses are $49,250, which includes $3,500 of depreciation and…
! Required information [The following information applies to the questions displayed below.] Built-Tight is preparing its master budget. Budgeted sales and cash payments follow: July $ 56,000 August $ 72,000 September $ 56,000 Budgeted sales Budgeted cash payments for Direct materials 15,560 3,440 19,600 12,840 2,760 16,200 13,160 2,840 16,600 Direct labor Overhead Sales to customers are 20% cash and 80% on credit. Sales in June were $53,500. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $47,000 in cash and $4,400 in loans payable. A minimum cash balance of $47,000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $47,000. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. Any preliminary cash balance above $47,000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist of sales…
Beginning cash balance as on March 1, P80,000. Cash receipts from sales P400,000 Budgeted cash disbursements for purchases 250,000. Budgeted cash disbursements for salaries 90,000. Cash repayment of bank loan 30,000. Prepare a cash budget for the month ended on March 31 for Spars Corp.
Do not give answer in image
Please do not give solution in image format thanku
I have most of it correct just need help on the rest
Please read the direcitons on the first picture and answer the problems on the second picture. Thanks for your time.
DO THIS IN EXCEL ONLY AND SHOW THE FORMULAS. IF COMPLETE I WILL UPVOTE THANK YOU
Raghubhai
sd subject-Accounting