Please solve these general accounting question not use ai Brighton Systems has budgeted activity for April to reflect anet income of $150,000. All sales are credit sales. The followingchanges are expected in working capital:.••Receivables are planned to increase by $18,000.Payables are planned to decrease by $4,000.Depreciation Expense is $55,000.Based on this information, how much will cash increase (ordecrease) during April?

Step 1: Define Cash Flow ChangesThe change in cash flow during a period is determined by adjusting…

Answered: Brighton Systems has budgeted activity…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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crane company management wants to maintain a minimum monthly cash balance of $26,500. At the begining of April, the cash balance is $26,500, expected cash receipts for April are $259,700, and cash disbursements are expected to be $270,300. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance ?
Crane Company management wants to maintain a minimum monthly cash balance of $20,000. At the beginning of April, the cash balance is $20,000, expected cash receipts for April are $196,000, and cash disbursements are expected to be $204,000. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $11 Crane Company management wants to maintain a minimum monthly cash balance of $20,000. At the beginning of April, the cash balance is $20,000, expected cash receipts for April are $196,000, and cash disbursements are expected to be $204,000 How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $ I I
Management wants to know if there will be a need for short-term financing in February. Essential information is as follows: Estimated sales for January and February are $1.1 million and $750,000, respectively. Sixty percent of sales are for cash and 40 percent are credit sales that are collected the next month. Cash disbursements that vary with sales are 35 percent of sales. Fixed operating disbursements are $400,000 a month. Depreciation expense is $50,000 a month. A tax payment of $70,000 is due in January. A bond payment of $250,000 is owed and will be due in February. The cash balance at the beginning of January is $12,000. Management seeks a minimum cash balance of $9,000. December credit sales were $110,000. Round your answers to the nearest dollar. Use a minus sign to enter shortage of cash, if any. January February Excess (shortage) of cash $ $ The firm need short-term funds in February.
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Sawera Coporation reported sales of RM350,000 in June, RM380,000 in July, and RM390,000 in August. The forecasts for September, October and November are RM385,000, RM418,000 and RM429,000, respectively. The initial cash balance on September 1 is RM150,000, and a minimum of RM8,000 should be kept. Use the given information to compile a cash budget for the months of September, October and November. a) Sawera predicts that 5% of its sales will never be collected, 30% of its sales will be cash sales, and the remaining 65% will be collected in the following month. are receiveble b) c) d) e) f) g) h) i) cash dis Sawera receives other monthly income of RM3,000. other cash receipt The actual or expected purchases are RM150,000, RM120,000 and RM115,000 for the months of September to November, respectively, and 50%] are paid in cash while the remainder is paid in the following month. The purchases for August were RM120,000.- Nov Monthly rent is RM3,500 chargeable only in October and November.…
Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands) Month 1 Month 2 Month 3 Month 4 Cash sales Sales on credit 23 180 32 200 26 170 22 150 On average, 47% of credit sales are paid for in the current month, 27% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Items Month 3 Month 4 Expected Cash Inflow from Operations (in $ thousands) Help
Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands): Month 1 Month 2 Cash sales Sales on credit 16 110 25 130 Month 3 Month 4 19 100 15 80 On average, 51% of credit sales are paid for in the current month, 31% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Items Month 3 Month 4 Expected Cash Inflow from Operations (in $ thousands)
Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands). Month 1 Month 2 25 34 200 220 Month 3 28 Month 4 24 190 170 Cash sales Sales on credit On average, 45% of credit sales are paid for in the current month, 25% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in whole dollars and not in thousands rounded to the nearest whole number. Answer is complete but not entirely correct. Expected Cash Inflow from Operations (in S thousands) Items Month 3 Month 4 $ 391 360
Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands): Month 1 Month 2 Month 3 Month 4 Cash sales 35 44 38 34 Sales on credit 300 320 290 270 On average, 45% of credit sales are paid for in the current month, 25% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place.
Use the information below to answer question 1 to 22. The financial controller of BOE Ltd. is gathering data to prepare a cash budget for the second quarter of 2018. The following information is available. a) Sales for the first six months of the year are as follows: January February March 23,000 30,000 50,000 57,000 60,000 56,000 April Мay June a) 40% of all sales are cash sales. b) Of credit sales, 50% are collected in the month of sales and the remaining 50% collected the following month. c) The cost of raw materials equals 35% of each month's sales. 50% of raw materials are paid for in the month of purchase. The remaining 50% are paid in the following month. d) Wages total ¢5,500 per month and are paid for in the month incurred. e) Operating expenses per month totalled ¢16,800 of which ¢2,500 is depreciation and ¢300 is expiration of prepaid insurance premium (the annual premium of ¢3,600 paid in Jan 1). f) Dividend of ¢7,000 declared in March 31 will be paid on April 20. g) Old…
Calculate the net cash flow for June 2020
Mooney Equipment is putting together its cash budget for the following year and has forecasted expected cash collections over the next five quarters (one year plus the first quarter of the next year). The cash collection estimates are based on sales projections and expected collection of receivables. The sales and cash collection estimates are shown in the following table (in millions of dollars): Q1 Q2 Q3 Q4 Q5 Sales $1,100 $1,400 $1,450 $1,250 $1,500 Total cash collections $1,100 $1,150 $1,200 $1,200 You also have the following information about Mooney Equipment: • In any given period, Mooney’s purchases from suppliers generally account for 72% of the expected sales in the next period, and wages, supplies, and taxes are expected to be 15% of next period’s sales. • In the third quarter, Mooney expects to expand one of its plants, which will require an additional $1,072 million investment. • Every quarter, Mooney pays $60 million in interest and…

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