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: 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,…

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

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

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

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

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

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

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

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

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

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

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

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

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

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

A:

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

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

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A:

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

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

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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.