PLC is a manufacturing company operating in Uganda for the last 10 years currently PLC is planning to prepare its cash budget for 6 months that is from January to June 2013.
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PLC is a manufacturing company operating in Uganda for the last 10 years currently PLC is planning to prepare its
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- A company is preparing its cash budget for the upcoming quarter. The company's sales are expected to be $500,000 in January, $600,000 in February, and $700,000 in March. The company's cost of goods sold is 60% of sales. The company's beginning cash balance is $50,000, and the company desires to maintain a minimum cash balance of $25,000. How much financing does the company need in February? $25,000 $60,000 $0 $35,000ABC produces Goods for resale at throughout America. The company is currently in the process of establishing a master budget on a quarterly basis for this coming fiscal year, which ends December 31. Prioryear quarterly sales were as follows;First quarter 14,000 unitsSecond quarter 6,000 unitsThird quarter 8,000 unitsFourth quarter 4,000 unitsUnit sales are expected to increase 20 percent, and each unit is expected to sell for $1. The management prefers to maintain ending finished goods inventory equal to 10 percent of next quarter’s sales. Assume finished goods inventory at the end of the fourth quarter budget period is estimated to be 2,000 units. The beginning inventory was 1000 units. Direct Materials Purchases Budget InformationEach unit of product requires 1.5 pounds of direct materials per unit, and the cost of direct materials is $1 per pound. Management prefers to maintain ending raw materials inventory equal to 30 percent of next quarter’s materials needed in production.…Alya Sdn Bhd. manufactures and supplies granite pots and pans with glass lids to a company in Japan. The new manager, Rushdi, wants to monitor the quarterly budgets for the quarter ending 30th September 2021 to ensure the sales targeted can be executed as planned even with the current economic condition. The following information is available: Budgeted sales: POTS 60,000 units @RM100 each PANS 40,000 units @RM125 each Budgeted inventories: Beginning Ending Pots Pans Direct material (Granite) Direct material (Glass) Direct material (Handles) 20,000 8,000 32,000 kg 29,000 kg 6,000 units 25,000 10,000 36,000 kg 32,000 kg 7,000 units Standard variable costs: POTS PANS Direct materials: Granite Glass Handles Total materials 5kg @RM8.00 3kg@RM5.00 1 @RM3.00 RM40.00 15.00 3.00 58.00 4kg @RM8.00 3kg@RM5.00 RM32.00 15.00 47.00 Direct labour Variable manufacturing overhead Total 2hours@RM12.00…
- Crane Company expects to have a cash balance of $36,000 on January 1,2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $68,000, February $120,000.Payments for direct materials: January $40,000, February $60,000.Direct labor: January $24,000, February $36,000. Wages are paid in the month they are incurred.Manufacturing overhead: January $16,800, February $20,000. These costs include depreciation of $1,200 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $12,000, February $16,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $9,600 in cash. Crane Company has a line of credit at a local bank that enables it to borrow up to $20,000. The company wants to maintain a minimum monthly cash balance of $16,000. Prepare a cash budget for January and February. ReceiptsCollections from…Cheddar's Café is preparing its cash budget for August. At the beginning of the month, the café expects to have $17,500 in total available cash. Over the course of the month, it expects to make $12,250 in cash disbursements and obtain $3,750 in financing. What is Cheddar's anticipated ending cash balance for August? O $9,000 O $5,250 O $26,000 O $1,500Perez Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Perez has budgeted sales as indicated in the following table. The company expects a 12 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue Perez will report on its first quarter pro forma income statement. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. (Round intermediate calculations and final answers to 2 decimal places.) Sales January February March $ 46,000 116,000 Cash sales Sales on account Total budgeted sales $ 162,000
- Sunshine Company is ready to begin its third quarter, in which peak sales occur. The company requested a $30,000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Sunshine Company has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to the request the following data has been assembled. On July 1, the beginning of the quarter, the company will have a cash balance of $94,500. The selling price per unit is $50. Actual sales units for the last two months and the budgeted sales for the third quarter follow: May (actual) 8000 units June (actual) 7000 units July (budgeted) 8000 units August (budgeted) 12000 units September (budgeted) 7500 units The company expects to sell 10% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month of sale and 40% in the month…NorthWest Itd has prepared its master budget. The sales budget states that sales will be £82,000 in May 2024, £153, 500 in June, £137,200 in July and £165, 500 in August. 50% of sales will be credit sales. 70% of customers are expected to pay in the month after the sale, 20% in the second month after the sale, while the remaining 10% are expected to be bad debts. Customers who pay in the month after the sale can claim an 8% early settlement discount. What level of sales receipts should be shown in the cash budget for July 2024 (to the nearest £) ? A. £ 57,627 B. £ 183, 854 C. £ 126, 227 D. £ 122, 981 E. £ 81,098 F. £ 115, 254Merchant Industries is preparing its master budget for 2016. Relevant data pertaining to its sales budget are as follows: Sales for the year are expected to total 8,000,000 units. Quarterly sales are 25%, 30%, 15%, and 30%, respectively. The sales price is expected to be $2.00 per unit for the first quarter and then be increased to $2.20 per unit in the second quarter. Instructions Prepare a sales budget for 2016 for Merchant Industries.