Delleate Inc. has prepared the following purchases budget:   Month Budgeted Purchases June $67,000 July 72,500 August 76,300 September 73,700 October 69,200 All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate total cash payments made in October for purchases.

Q: Zisk Company purchases direct materials on credit. Budgeted purchases are April, $92,000; May,…

A: The cash disbursement schedule is prepared to estimate the cash payments for purchases during the…

Q: Kingston budgets total sales for June and July of $390,000 and $338,000, respectively. Cash sales…

A: The uncollected amount is the amount that has been out from the sales which are yet to be collected…

Q: William Company has the following information: Month January February March April May Budgeted…

A: Cash payment budget :— This budget is prepared to estimate the payment for merchandise purchases…

Q: X-Tel budgets sales of $108,000 for April, $144,000 for May, and $66,000 for June.  In addition,…

A: Cash budget is based on cash forecasts or estimates which gives information as to what funds would…

Q: Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and…

A: Lets understand the basics.The budget is prepared to estimate the requirements for the…

Q: X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. In addition, sales…

A: Budgeted cash receipts refer to the possible or estimated cash receipts for a specified period of…

Q: Yandell Company budgeted direct materials purchases of $191.440 in January and $138.840 in February.…

A: Cash payment budget:— This budget is prepared to estimate the payment for purchase of inventory from…

Q: Nestee controller for Mactan Relaters has assembled the following data to assist in the preparation…

A: Cash budget is prepared to find out the future expected cash inflows and cash outflows so that the…

Q: ces Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received)…

A: CASH BUDGET Cash Budget is a detailed budget of cash income and cash expenditure incorporating both…

Q: Zisk Company purchases direct materials on credit. Budgeted purchases are April, $87,000; May,…

A: Schedule of cash payment for direct materials:- This budget is prepared to estimate the payment for…

Q: Cedar Company has forecast purchases to be $338,000 in June, $377,000 in July, $319,000 in August,…

A: A cash budget is a written plan that projects a company's cash flows for specific timeframes, like…

Q: Zisk Company purchases direct materials on credit. Budgeted purchases are April, $81,000; May,…

A: Cash payment schedule for direct materials :— This budget is prepared to estimate the payment for…

Q: Husky Compony makes all purchases on account, subject to the following payment pattern Paid in the…

A: Accounts payable is the money a company owes to its suppliers or creditors for goods and services…

Q: Wells Company reports the following budgeted sales: September, $58,00O; October, $71,000; and…

A: All the sales are on credit and collection starts from the next month. Therefore, the collection…

Q: Castor Incorporated is preparing its master budget. Budgeted sales and cash payments for merchandise…

A: It says that cash sales is 50%, therefore we simply multiply total sales for the month by 50% to get…

Q: Kingston budgets total sales for June and July of $500,000 and $328,000, respectively. Cash sales…

A: Accounts Receivable is the amount which is receivable from the customer. Accounts Receivable are…

Q: Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and…

A: Cash budget is one of the important budget being prepared in business. It shows expected cash…

Q: KZ Trading Co. budgeted merchandise purchases of 40,000 units next month. The expected beginning…

A: Budgets are the estimates made for future period of time. Budgeted unit sales means how much units…

Q: Rivers Company purchases merchandise on account. In general, Rivers pays 50 percent in the month of…

A: Cash Disbursements Budget :— This budget is prepared to estimate the payment for purchase during the…

Q: As of July 31 Percent Uncollected Amount Uncollected Sales month Total Sales Credit Sales lune 380…

A: Step 1 Days' revenue uncollected is a liquidity ratio used to predict the amount of days it would…

Q: Evergreen Furniture, a retailing company, is preparing the cash budget for August. The following…

A: Given, Estimated purchases for August = $2,380,000 Estimated payments in August for purchases in…

Q: Current Attempt in Progress Crane Company is planning to produce 1,400 units of product in 2022.…

A: Budgeted amount of direct material = Number of units planned to produce × Pounds required per unit ×…

Q: $14,500, accounts receivable of $473,000, inventories of $482,250, and accounts payable of $169,055.…

A: A Cash Budget is a forecast of expected cash receipts & expected cash payments. The Cash Budget…

Q: Peabody Company prepared the following purchases​ budget: MONTH BUDGETED PURCHASES June 35200 July…

A: The cash budget is prepared by the management to estimate the expected cash receipt and cash…

Q: Trading securities, by definition, are properly classified in the statement of financial position…

A: Statement of financial position is also known as balance sheet, which is prepared at the year-end to…

Q: Pina Company estimates that sales revenue will be $72000 during July, $62000 for June, and $77200…

A: The objective of the question is to calculate the budgeted collections from customers for the month…

Q: Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales…

A: Proforma income statement is that income statement which is prepared on estimation basis. Under…

Q: Using this data, along with your answer to part (1) above, prepare a cash budget in good form for…

A: A cash budget is a company's estimation of cash inflows and outflows over a specific period of time,…

Q: out 15% of his merchandise for cash of sales account 65% are expected to be collected in the month…

A: Cash Budget Cash Budget is the estimations of the cash inflows and outflows during a specific…

Q: Nestee controller for Mactan Relaters has assembled the following data to assist in the preparation…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: Blossom Design provided the following budgeted information for April through July: April May June…

A: Step 1:Cash budget is the estimation of budgeted cash recept & cash payment for the future…

Q: Digregory makes all purchases on account, subject to the following payment pattern: Paid in the…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Morgan Manufacturing is preparing its cash budget for the second quarter. The following amounts are…

A: Ans. Cash budget is prepared on the basis of the customary practice of the business. In the given…

Q: Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $80,000; May,…

A:

Q: In preparation for the quarterly cash budget, the following revenue and cost information have been…

A: Cash receipts means the amount of cash that is to be received by the entity from sale, services or…

Q: Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data…

A: The Schedule of expected collections is a statement that contains details of the estimated cash that…

Q: Prepare a master budget for the three-month period ending June 30 that includes a schedule of…

A: Budgeting: It is a process of planning the work to be performed. Under this process a formal plan is…

Q: Use the following information to prepare the June cash budget for Vox Company. It should show…

A: MEANING OF CASH BUDGET  A budget which shows the cash receipt and cash payment of each month and…

Q: ABC Company’s budgeted sales for June, July, and August are 13,200, 17,200, and 15,200 units…

A: The objective of the question is to prepare an analysis of cash receipts from sales for ABC Company…

Q: Scora, Inc., is preparing its master budget for the quarter ending March 31. It sells a single…

A:

Q: Music World reports the following budgeted sales: August, $120,000; and September, $250,000. Cash…

A: Collection of prior period sales = August sales x 50% = $120000 x 50% = $60000

Q: Use the following information to prepare the July cash budget for Acco Company. Ignore the "Loan…

A: The cash budget is prepared to record the cash receipts and cash payments during the period. It…

Q: Fedor, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM…

A: Total payments made in October = (40%*October purchases) + (50%*September purchases) + (10%*August…

Q: Flounder, Inc. has budgeted sales revenues as follows: Credit sales Cash sales Total sales June Past…

A: Budgeting is a technique of estimating future revenue and expense on the basis of past performance.…

Q: ased on the following data, prepare a cash budget (in proper form with labels) for July and August.…

A: The statement of estimates or forecasts showing the cash receipts and outlays of an entity is cash…

Cash budget

A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future. If cash receipts are insufficient to cover future expenses, an organization may plan to obtain funds from other sources. After estimating the sales, purchase, and capital expenditure budgets for the year, management develops a cash budget. These budgets are created to ensure that an organization's cash flow is managed. It is important to note that only cash transactions are recorded when actual cash enters and exits an organization.